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Finance OS: The Foundation of Insurance

The Meaningful Money Personal Finance Podcast

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The Importance of Insured Income

You can't ensure 100% of your income because you wouldn't bother to go back to work. So there's a kind of a maximum, isn't there? Yeah, generally about 70% of your net income. That income or gross income? 70% of gross. Gross comes in as it brings you around. The insurance company would say that's a linked claim. You haven't got to wait for you or deferred period, bring claim upon that one again. Second time. It's the same illness you just have to have a gap in between. Like all insurances, you pay for these things hoping that you'll never need them. And the bad side of these things when people

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