How much money you will need to cover your monthly expenses in case you are unable to work? Income protection or salary continuance should cover all your monthly expenses while you are not able to work due to illness or an accident.
This application allows you to calculate how much income protection you will receive, it is usually a flat amount of 75 percent of you pre-injury income, but if your expenses are less than your monthly payout you may be able to afford to take less cover.
Remember that income protection insurance premiums are tax deductible (at least in Australia)
openBiz Solutions commits to provide frequent updates to enhance the application as well as fixing as soon as possible any issues that could arise.
Tags: income protection calculator , income protection script , free income protection