Income Protection Insurance
Cover for one of the most important assets of all – your ability to earn a living.
Income Protection Insurance provides a regular payment in place of your income if you’re unable to work for extended periods due to injury or illness.
It can help get you through a difficult period, without having to eat into your savings or rely on outside help – so a temporary setback doesn’t put you behind for years.
With Income Protection you receive a monthly benefit for as long as you remain temporarily disabled up to the maximum benefit limit and benefit period, as specified in your policy. Depending on that policy, you may also receive an additional payment into your super fund, so your retirement savings can keep growing even while you’re unable to work.
The benefits
Monthly payments
Receive monthly payments while you are unable to work due to injury or illness.
Suitable for small business owners
Cover applicable for self-employed people, small business owners or professionals whose business relies heavily on their ability to work.
Choice of benefit periods
You can choose your benefit period to be a set number of years or to a specific age.
Tax effective
You may be able to claim a deduction on income protection premiums – making it even more affordable.
HOW TO GET INCOME PROTECTION INSURANCE
Contact your financial adviser today for more information.
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