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6 months after taking out the policy, Michelle was involved in a water skiing accident that resulted in spinal injuries. She was in constant pain and undergoing significant rehabilitation, and the doctors said she would be out from work for at least 5 years.
The Income Protection Insurance paid 75% of her income for the entire period, excluding the first month in which she received sick leave. The insurance payments paid for her expenses and living, and her lifestyle and long term financial goals were not affected.
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