Income Protection Comparisons

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Income Protection Insurance

Why Is Income Protection Insurance Important?

Probably the most crucial and flexible insurance, income protection insurance for self employed or employees is designed to replace your income if you are unable to work due to sickness or accident, covering you 24 hours a day, worldwide. We like to call it the 4 ANY's: ANY accident, ANY illness, ANYwhere at ANYtime.

 

A simple back injury can put you out of work for a long time and we know of a few clients that have previously gone bankrupt without income protection.

 

Your most valuable asset is your ability to produce an income and this must be protected with an income protection policy. It is said that one in three Australians are disabled for longer than six months during their working lives.

How Much Can You Insure?

Income protection insurance pays up to 75% of your income if you can't work because of sickness or injury. It offers a range of cover options - allowing you to tailor your cover to suit you.

 

Generally speaking, income protection is also tax deductible.

 

Why Compare Income Protection Insurance & How Does It Work?

People insure their cars, home and contents, yet maintaining all of these material possessions is reliant on our ongoing ability to earn an income. Ask yourself - How long could you survive financially if your income stopped tomorrow? We can explain the income protection benefits and how it will provide a monthly income during periods of longer term incapacity.

 

Income Protection for self employed or employees is designed to substitute your normal income from personal exertion (usually up to 75%) with monthly payments, if you are unable to work as a result of illness or injury.