What if golden egg is cracked?

Income protection insurance can save your skin

- WARREN SHUTE

The fifth anniversary of the pandemic got me thinking: if you had a goose that laid you a golden egg each month as long as you took care of it every day, fed it and watered it, you'd probably look after it really well, wouldn't you?

Would you also insure it so that if the goose got sick and stopped laying the golden eggs, rather than go hungry you would have the insurance payments to live off?

I would, it makes complete sense. The goose is providing your lifestyle and paying your bills.

If you agree with that, let's try a second question: do you insure your own income?

So many of us are our family's goose. We wake and go to work all day, we bring home our golden egg each month in the form of our pay cheque. But if we couldn't work for some reason, what would happen?