All information related on income insurance for individuals

1. EVERYTHING YOU NEED TO KNOW ABOUT INCOME INSURANCE Income insurance provides protection against loss of income that may occur due to unemployment for reasons such as being fired, laid off etc. There are a few factors that should be considered when investing in income insurance. Some of these factors are mentioned below: https://www.accept.se/

2. TOTAL INCOME Before getting income insurance an individual will need to declare their total income. This will include an individual’s basic salary plus any allowances and benefits provided by their employers. Individuals will also need to disclose any income generated from their hobbies or extracurricular activities.

3. DEFERRED PERIOD When an income insurance policy holder loses their income they have to apply for payments from the insurance provider. There will be a gap between this application and the receipt of the first payment. This gap is called the deferred period. Policies that have a longer deferred period have lower premiums and vice versa.

4. BENEFIT PERIOD The amount of time the insurance holder will get payments for is known as the benefit period. The benefit period can be anywhere between 2 to 5 years. Cover can be provided to people up to the age of 65. https://www.accept.se/inkomstforsakring/