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Income protection insurance is most often referred to as Disability Insurance and normally provides a monthly payment which can be used to cover expenses, and keep your business running if you experience an illness or injury.
Income protection plans can provide payments up to age 65 and are available with a long list of other options and riders to ensure you are getting the right coverage.
These types of policies can also be put in place to cover overhead expenses and to fund a buy/sell agreement.
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