What is an Income Protection Calculator?
If you are considering income protection insurance, it is important to understand the financial benefits of using an income protection calculator. An income protection calculator can help you estimate your potential benefits and compare these against the costs of using an income protection policy.
An income protection calculator can give you a rough estimate of your potential payouts if you were to lose your job. The calculator will also show you how much money you would need to have saved in order to cover the cost of your income protection policy (assuming a minimum level of cover).
The benefit of using an income protection calculator is that it can help you decide whether or not a policy is right for you. By estimating your potential payouts and comparing them against the costs of a policy, you can make an informed decision about whether or not a policy is worth buying.
