Income Protection Insurance

What would happen if you were unable to work due to sickness or injury? Would you still get paid? For most of you, the answer is no!

You insure your home, your car, and your health, but what about your income?

Having Income Protection means you will be paid up to 75% of your regular income, even if you are unable to work due to sickness or injury.

The average Australian could earn around two and a half million dollars in their lifetime, much more than the value of the average home. And yet, the majority of income earners don’t insure their largest asset – their income earning capacity! When you think of how your lifestyle could be affected, it simply doesn’t make sense to overlook this important cover!

What is Income Protection Insurance?

Income Protection insurance (also known as salary continuance) is designed to provide a regular income in the event that you are unable to work due to sickness or injury.

Did you know it’s not just about the bills?

When it comes to protecting your income, you’re protecting more than your ability to meet mortgage repayments, put food on the table and pay the bills. Your protecting your family, your future and how much you enjoy it.

While your medical expenses might be covered by other insurance policies, income protection insurance can be used towards other expenses. Income Protection insurance ensures you and your family don’t have to lose your belongings or your home, while you recover.

What are some of the valuable features of Income Protection?

• Your premiums are tax deductible
• You can choose a waiting period to suits your needs
• You can choose a benefit period to suit your needs
• You can choose from a whole range of benefit options

How much Income Protection is enough?

To understand your needs, a financial adviser will ask you to consider your circumstances and your future.

Once you’ve started painting the picture of your family’s future and the costs involved in raising a family and reaching your goals, you’ll start to get an idea of how important insurance is to cover those needs!

Ready to insure your income? Talk to one of our Financial Advisers today.