What is Income Protection Insurance?
Eventefi Income Protection Insurance replaces a percentage of your regular income if an injury or illness renders you unable to work and earn an income for you and/or your family. If an unanticipated illness or injury prevented you from earning your paycheck, would your family be able to make ends meet? At times like these, disability income insurance steps in. It works by replacing a portion of your lost income so you can continue to pay your rent, mortgage, household utilities, childcare, and other common expenses.
Insure yourself for the amount you earn
Think about it—your income and earning potential are more valuable than any single thing you own. Disability income insurance protects the value of your paycheck.
Keep your finances on track
If you’re unable to work, disability income insurance payouts can help you avoid draining money you’ve intentionally set aside for retirement.
How Much Income Protection Insurance do I Need?
Set up a monthly benefit equal to your current monthly living expenses. This amount is usually the same as your monthly income.
You are your most valuable financial asset
If there’s anything we can be sure of these days, it’s that anything can happen at any time. We never want to contemplate becoming unable to work, but it pays to be prepared just in case. You wouldn’t want to have to worry about finances while facing any kind of severe physical challenges. The inability to earn a regular paycheck can set up a negative financial cycle that affects your life into the future. Securing your paycheck against unforeseen events shows financial foresight.
Start slowly and build your benefit amount
If you know you can’t afford a high level of coverage right now, select a benefit amount that will cover select monthly expense items: your mortgage, rent, student loans, or utilities. A percentage of income replacement is better than nothing at all.
Insurance Coverage when it matters most
living with peace of mind
Coverage Perk 1 Live your happy, healthy, productive life to the fullest, knowing you’re covered in case of unexpected illness or accident.
Coverage Perk 2 Give yourself and your loved ones the peace of mind that comes with financial security, even in the face of life’s hardest events.
Coverage Perk 3 Let Eventefi work for you behind the scenes. We cover all the bases…so you don’t have to!
Coverage Perk 4 With Eventefi, you have the freedom to set your benefits check at the amount you currently earn monthly to provide seamless security for you and your family. For lower monthly payments at the outset, Eventefi provides the flexibility to start with a smaller benefit check and increase your coverage as your earning power grows.
Coverage Perk 5 Affordable monthly payments provide easy, accessible protection in case life takes an unexpected turn.
Coverage Perk 6 If you have an accident or fall ill but heal to the extent that you are able to return to work, you will still receive partial monthly benefits.
You’ve got questions?
Eventefi has the answers
Eventefi can help pay for your rent, mortgage, household utilities, childcare, grocery bill, and other common expenses. Where and how you allocate the funds is up to you! Click here to calculate how much Income Protection you need.
Eventefi Income Protection Insurance is one of the most affordable options on the market, and we believe your low monthly payments represent one of the wisest financial decisions you could ever make. Why? Because life is unpredictable, and none of us ever know what could be around the corner. Why not insure yourself against skyrocketing medical costs that could deplete everything you’ve worked so hard for? We insure our cars, homes, and high-def TVs. Why not insure our greatest asset—our ability to earn income?
Eventefi exists to help people during the hardest times in their lives. We work to offset the financial challenges that inevitably arrive alongside an illness or accident that prevents you from working. An unexpected illness or event such as cancer, a heart attack, a stroke, or a car accident already comes with high-level physical challenges—some of the most difficult conditions anyone would ever have to face and endure. Eventefi works with you to make sure you can focus solely on your healing, effectively removing the financial distraction of getting your basic monthly living expenses met. What a relief for you and your family!
Eventefi Income Protection Insurance monthly benefits arrive in as little as 10 days to one month, allowing you to enjoy your benefit and pay your bills quickly.
It’s up to you! We can create a policy that continues to pay your benefits all the way up until retirement. Even if you are eventually able to return to work, Eventefi Disability Insurance benefits continue to arrive for up to two years after a disabling life event.