Ensuring financial stability by providing a regular income if you’re unable to work due to illness or injury. This coverage helps you manage essential expenses like mortgage payments, bills, and daily living costs, reducing financial stress during difficult times. Astra Worldwide can help you with a tailored plan that can safeguard your lifestyle and focus on recovery without worrying about lost income.
Don’t let unexpected illness or injury put your income and financial stability at risk while you’re living and working abroad. Our Income Replacement Plan provides a steady monthly income, ensuring you can maintain your lifestyle, support your loved ones, and focus on your recovery without the added stress of financial uncertainty.
As an expatriate, unexpected illness or injury can disrupt your financial stability. While life and medical insurance offer protection, Income Replacement is often overlooked.
IRP (Income Replacement Plan) is your safety net, providing a monthly income if you’re unable to work due to illness or injury abroad. It’s not just insurance—it’s peace of mind for you and your future.
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.
Alan works for a chemical engineering firm. His employer asks him to relocate permanently to North Africa. The opportunity is attractive, and the pay is good, so he accepts and moves with his wife and two children. They enroll the children in an international school.
A few years later, doctors diagnose Alan with multiple sclerosis. Soon after, he can no longer continue working and will never return to employment. When his employer’s sick pay ends, he loses his income and struggles to support his family and pay for private health insurance.
With an Income Replacement Plan, Alan receives ongoing income support for several years, increasing by 2% annually. This continues until age 65 or death, whichever comes first. As a result, he can still pay his bills, maintain health coverage, and support his family despite his inability to work.
Samantha moves from Britain to Australia with her two children to work as a sports team administrator. A few months later, she is involved in a road traffic accident and suffers serious arm injuries. Doctors perform emergency surgery and confirm she cannot return to work for at least 10 months while she completes rehabilitation.
With the Income Replacement Plan, Samantha receives 80% of her pre-disability salary after a 3-month deferment period. This ensures she can still cover her family’s expenses without financial stress. As a result, she can focus on recovery, rehabilitation, and spending time with her children.
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At Astra Worldwide, we pride ourselves on providing excellent customer service. If you have any questions or need assistance with your finances, our team of experts is standing by to help.