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Ensure Your Income

and Peace of Mind

Don't let unexpected illness or injury derail your income while you're living and working abroad. Our Income Replacement Plan provides a monthly income to help you stay financially secure in those difficult times.

Have you secured and insured your income?

Imagine this: You've taken the leap and embarked on an exciting journey as an expatriate, chasing your dreams and seizing opportunities in a new land. Everything seems perfect until life throws you a curveball. An unexpected illness or injury strikes, leaving you unable to work, and the financial safety net you once had feels like a distant memory. How do you protect your lifestyle, your family, and your future in the face of such uncertainty?


Most of us are probably covered for things like life insurance and medical insurance by either arranging this ourselves or by the company we work with.


Income Replacement is something that is often misunderstood and sadly often forgotten. This insurance cover is potentially as important as any other cover you have as it enables you to survive if you cannot work due to illness or accident.

IRP, or Income Replacement Plan, is your lifeline in times of unexpected adversity. It's a form of international income protection insurance tailored for expatriates. IRP provides a monthly income if an illness or injury prevents you from pursuing your regular profession while living and working abroad. It's more than just insurance; it's peace of mind that ensures your financial well-being during challenging times.

Why do you need an Income Replacement Plan?

Consider this: If you couldn't work due to a disability, how would you maintain your lifestyle, keep up with mortgage payments, or provide for your family?

IRP steps in to fill the void. It ensures that you have the financial support needed to focus on your recovery and continue your life abroad without added stress.

Let's dive into the benefits of securing an Income Replacement Plan:


1. International Coverage: IRP is designed to be your constant companion, no matter where your expat journey takes you.

Unlike similar plans from domestic insurers, IRP offers coverage for life, work, and travel abroad.


2. Replacement Income: When you're unable to work for more than three months due to illness or injury, IRP provides you with a monthly replacement income. This financial lifeline keeps you afloat while you concentrate on your recovery.


3. Complete Recovery Support: If you're ready to return to work in a limited capacity, IRP adjusts your benefit to help offset any temporary reduction in your salary as you complete your recovery.


4. Keeping Pace with Inflation: As the cost of goods and services rises each year, IRP increases your replacement income payments by 2% compound year-on-year, ensuring your financial security isn't eroded by inflation.


5. Annually Renewable: IRP is flexible and renewable until you reach the age of 65, with no further medical tests or exams required, even if your health deteriorates.

The Benefits of an Income Replacement Plan

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Consider these real-life scenarios:

Case Study 1

Giving You Financial Support While You Cannot Work

Alan works for a chemical engineering firm, and his employer asks him to relocate permanently to North Africa. Alan thinks that the opportunity is too great to miss, plus the remuneration is very attractive. He decides to take it, moving his wife and two children with him and enrolling them in an international school.


A few years after his move, he was diagnosed with multiple sclerosis. Soon after, Alan is left unable to continue his employment, and, with his particular form of multiple sclerosis, he will never be able to work again. After his employer's sick pay scheme ends, Alan would be left without any income to support his family or pay for his health insurance, which provides the private healthcare on which he relies for treatment of his condition.


With the Income Replacement Plan, Alan would receive a replacement income paid for several years—increasing by 2% compound each year—until his retirement age of 65 or death, whichever is soonest. With the safety net afforded by income protection, Alan can still afford his health insurance, pay the household bills, and support his family—even though he is unable to work.

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Case Study 2

Giving You Financial Space to Focus on Your Recovery

Samantha moves from Britain to Australia with her two children to take on a new role as an administrator for a sports team. A few months later, she's involved in a road traffic accident and suffers serious injuries to her arms. She undergoes emergency surgery and the doctors say she is unable to return to work for at least 10 months while she completes an extensive rehabilitation program.


With the Income Replacement Plan, Samantha would start receiving 80% of her pre-disability salary after her 3-month deferment period. It would be enough that Samantha wouldn't have to worry about paying the bills for her and her family. She would be able to focus fully on her recovery, rehabilitation, and spending time with her children.

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