Is it worth it?
On average, i get quotes for things ranging from $30++ a month for mortgage protection.
If say you're become redundant some pay up to 3 months your mortgage repayment and then you'll have to squabble your saving or whatever else you can find to survive until you can find another job.
OR if you get Income Protection for some reason some provide 3 months pay too and up to 75% of ur income (which should have covered mortgage and living expenses).
Anyone else took up any of these type of insurance offer?
I understand this insurance is worth it for accidents, death, and disability or critical illness (some provide trauma covers too). But i'm also worried about redundancies...
Being a young worker, we're the easiest and juiciest to target when they need to lean up their org structure.
I assume Income protection insurance would be more expensive than just the mortgageprotection quotes ive been getting. Some goes up to about $100ish per month and more i heard...
Would love to hear what other people think...
Or if they have some recommendations..