Benefits of income protection insurance
What if the income earner in your family had an accident or became ill and couldn’t work for a while? How would your family cope with a sudden loss of income for what may be many months, while they got back on their feet?
Without income protection how would you be able to meet the everyday costs of life … the rent or mortgage… the electricity, gas and water bills… your car repayments…
How long would you be able to meet the everyday costs of life … the rent or mortgage… the electricity, gas and water bills… your car repayments… or even the basics such as food and clothing?
With an Income Protector Plan, insured by TOWER Australia Limited (ABN 70 050 109 450), you can apply for cover that will help tide you over until you start earning again. It takes just minutes to apply and is affordable, flexible and easy as.
- InsuranceLine is the first to offer income protection insurance over the phone and online to the broadest range of occupations in Australia.
- Protect up to 75% of your income if you're unable to work due to an Accident or Illness (conditions apply) – to a maximum payout of $5,000 per month (lower limits apply to part-timers and people aged over 50).
- Any permanent Australian resident aged 18 to 55 can apply. You just need to have been in paid employment for at least 20 hours per week, or self-employed for at least 6 months – so virtually everyone can apply for some level of cover.
- Generally, no medical examination is necessary. It really is easy as.
- Cover starts from $2.95 per week – that's around the cost of a cup of coffee. Get a quote.
- Our plan options are truly flexible so you’re always in control. You can choose:
- Type of cover – Accident Only, Illness Only or Accident and Illness
- How long you can receive payouts if you need to claim up to -6, 12 or 24 months
- How long you must wait before payments begin -30, 60 or 90 days
- Premiums are usually tax-deductible, making it even more affordable. You should note payouts, like your usual income, are tax assessable.
- Flexible payments let you choose to pay premiums fortnightly, monthly or quarterly, on any day of your choice, by credit card or direct debit to suit your pay cycle.
- For added peace of mind, you’ll receive a free Will Kit with every policy.
- We believe so strongly in the benefits and value of our products that we offer a 30-day money back guarantee so you can be sure of your decision.