Income Protection Insurance

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Income Protection Insurance

"... arguably one of the most important insurance policies you will ever own ..."

Income Protection Insurance provides an income benefit payment if you are unable to work as a result of disablement through sickness or accident. 

Income Protection Insurance premiums are usually tax deductible for most Australian Taxpayers.

Income Protection Insurance benefits are normally paid as a monthly income for the duration of your disability .. rather than as a lump sum.

Income Protection Insurance policies typically limit the amount of cover you can purchase to around 75% of your total monthly personal exertion income.

Income Protection Insurance policies can often be extended to include optional life insurance, trauma insurance and total permanent disablement (lump sum) insurance benefits.

Income Protection Insurance policies vary greatly from company to company ... not just in price, but in features, benefits, options, flexibility ... and even in their definitions. For example, most companies have a slightly different definition of the term "disabled" - meaning that you could be considered for a claim with one company but not another!

Income Protection Insurance  policies are complex products and we recommend that you discuss your personal circumstances with a licensed insurance professional prior to buying or renewing a policy.

Income protection insurance
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