The term “loss of income” refers to a situation in which a person’s primary source of income for expenses or living expenses, such as a job wage or company income, is interrupted or their business fails. In this case, They have experienced a loss of income. Here, An Insurance can be able to cover this financial risk. They will be compensated by their insurer if they have taken insurance against this danger.
Loss of income insurance can assist the policyholder to pay off their debts and help even restart the company in case of business failure. Income protection insurance […]