Income Protection allows you to cover your expenses and maintain your lifestyle if you are unable to work for several months, a year or longer.
Income Protection gives you financial peace of mind while you are temporarily unable to work due to sickness or injury.
Income Protection will provide you with up to 70 per cent of your pre-disability earnings for the time you are unavailable to work (after an initial waiting period). Payments are made through monthly instalments for a nominated period, assisting you in maintaining your household while you are on the mend. You can choose from a range of benefit periods (the maximum time that you are paid for whilst unable to work) and a range of waiting periods (the length of time that you must be off work before the insurer starts paying)
Premiums are tax deductible.
According to recent studies, 83% of Australians have car insurance , but only 31% have income protection. What is more important, your ability to drive or your ability to generate an income?
We all know how important a regular income is in maintaining our lifestyle and of those close to us. What really are the chances of having that taken away from us?
What are the Chances?
| A car being stolen and not recovered? | 1 in 909 |
| Having to claim on a home &/or contents policy? | 1 in 13 |
| Becoming disabled for more than 3 months before age 65 and having no income? | 1 in 3 |
| Suffering from cancer before the age of 75? | 1 in 3 for men, 1 in 4 for women |
Most people would not think twice about insuring their home and car. However, many have not even considered protecting their most important asset, themselves.
