Bridging the income protection gap
Tan Jee Yee | 01 Dec 2017 00:30
We need to ensure that we are sufficiently insured and not suffer from an income protection gap should the worst happen – Freepik

EVERY household has a primary breadwinner whose income supports and feeds each member of the family.

What if something happens to that person? What if an accident renders him disabled, or causes his death?

What happens to the family after the breadwinner passes away or is permanently disabled?

The Income Protection Gap (IPG) mostly refers to situations such as these which essentially cause a “reduction in household income as a consequence of the death or incapacitation of an adult wage earner on whom the household relies”, as defined by insurance group Zurich.