What is the greatest asset of your family? It's not your house or your car, it's your income. Without a source...

What is the greatest asset of your family? It's not your house or your car, it's your income. Without a source of income you would not be able to provide you and your family the necessities of life.

Many people look at income protection as life insurance and don't see a reason why they should be purchasing it especially if they are young. Well income protection is not just life insurance, it includes disability insurance and critical illness insurance. The odds of you becoming disabled or critically ill before 65 are higher than the odds of you dying. It is something people don't look at.

A good plan should include life insurance with riders for disability and critical illness. This way should something unexpected happen you and your family will have income to carry on with daily living.

The younger the healthier you are and the cost of life insurance will be less than if you wait until you are older or may develop a health condition that will increase or deny you in getting life insurance.