You are nine times more likely to have a temporary disability than to have your car stolen or hijacked in SA, Brad Toerien, CE of life insurer FMI says. Most people don't think twice about insuring their car, but few consider protecting the income that makes paying for it possible, he says. It costs about R900 a month to insure a 2018 VW Polo but only R480 a month for income protection if you are a 35-year-old non-smoking woman who earns R40,000 a month. To put it into perspective, in this scenario, the cost of insuring a 2018 VW Polo valued at around R250,000 is double the cost of protecting her monthly income and securing her future earnings. This is even more surprising when you consider that a 35-year-old earning R40,000 a month will likely earn more than R43m during her working career to 65. Yet, income protection remains dangerously undersold, Toerien says. Seven out of 10 people will experience at least one injury or illness during their working lives that will prevent them f...

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