Income protection is always something you should take into consideration when purchasing a property.
How will you meet your obligations if you become unemployed?
There are lots of different ways to address this, one of which is income protection. Generally speaking income protection covers you for loss of income and provides an income during a specified period of time.
Obviously policy cover and cost can vary dramatically so talking to a financial planner to go through your specific requirements makes sense.
If you would like to learn more please contact our office on 9585 7779 to discuss or visit Mortgage Choice home.