Suited Income Protection

What Does Suited Income Protection Mean?

Suited income protection is a type of income protection that provides benefits if the insured is disabled, with one caveat: that insured may be required to return to work in an occupation that they are suited for. A suited occupation is one that is somewhat similar to your initial occupation, and which the insured has the skills to perform.

Insuranceopedia Explains Suited Income Protection

Suited income protection is income protection insurance with an additional condition, but it is still a helpful form of disability insurance. As an example of suited income insurance and how it can be beneficial, consider a professional soccer player whose leg is permanently injured in a car accident. They will be unable to return to their own profession, but they can still find an occupation for which they are suited. The injured leg, for instance, might not preclude them from working in sales, management, or real estate, assuming they have the skills and qualifications required. Despite being employed, the insured still receives compensation from the insurance company.