Hi there. I have been hearing a lot about income protection insurance or IPI, but I really don't have an idea what it is. How does this differe from permanent health insurance?

Hi Aleecia, I think that they are one and the same

Yup, they are the same. IPI actually lets pays a certain amount to the insured when he or she is not able to work because of injury and illness.

We have been trying to get IPI for our workers, we are in construction and our workers would really be benefitted from income protection insurance, but no insurer would take us on.

For manual jobs, it might be more difficult to get cover. This is because your workers are more at risk of getting injured or getting sick. You might be able to get a group insurance but it would be very expensive.

Is it true that you do not pay tax on your IPI claims?

Yes, but only to a certain extent. Our current laws exclude you from paying tax on money you got from an IPI policy.

Income Protection Insurance provides an income benefit payment if you are unable to work as a result of disablement through sickness or accident. How much cover you need depends on your own situation.

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Income protection insurance

Hello guys,..
I am here to this forum.I think IPI mean incom protection insurance.It is the best
way for saving the income.So we should be joined this plate form.

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Great Neck Health Center

Hi all people here...

I am really inspired from income protection insurance (IPI) . I had not have any information about it before coming here . Thanks for your posts .

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Kansas City Personal Training