TODAY OUR GUEST IS Zanele Ntulini, Chief Marketing Officer at life insurer FMI.

• Income protection is a long-term insurance policy designed to replace or supplement your income in the event of illness or injury which temporarily or permanently prevents you from earning an income.
• While you may not perceive this to be a risk, the risk of a temporary illness or injury is much greater than the risk of dying, becoming disabled or contracting a dread disease.
• But income protection benefit is not designed to pay out in the event of retrenchment.
• The premise of an income protection benefit is that it is designed to ensure you can maintain your standard of living and that you can at the same time save towards your retirement, keeping in mind that most income protectors end at age 65.