Compare your income protection insurance

Not all forms of income protection insurance are the same.

When it comes to protecting your assets and your family, you want to make the best choices.

There are lots of things to weigh up, so let’s start with the basics. When it comes to choosing income protection insurance, or deciding whether to keep the policy you already have, the most important things to think about are:

  1. How much can I afford to pay in premiums?

  2. How much will I need each week to live on?

It can be tempting to go for a cheap option, and whilst lower premiums are attractive - chances are you’ll get what you pay for. The end result may be a shortfall in funds when you can least afford it. You could also end up with fewer inclusions and situations being covered, a much smaller payout, or a shorter period of cover before your payments are cut off.

When it comes to income insurance a little bit of planning and research can go a long way.

Which Income Protection Insurance is for me?

Carefully check the terms and conditions on policies, and also the way the key terms of each policy are defined. Sometimes the really important bits – such as exclusions – are buried in the fine print. The first things to look at when you’re comparing income protection insurance, however, are the basics:

Percentage of income paid out
What percentage of your monthly income could you realistically live on? If your insurance doesn’t match your needs, it is not ideal.   Our income insurance provides up to 85% of your income.   
Upper limit of payout per month Some insurers place a limit for high-income earners. Our monthly payout can be as high as $10,000 per month.  
Claiming process  A transparent and quick claiming process is crucial when it comes to getting your payout without added stress or waiting.  We ask that you complete a claim form and send it to us with supporting materials such as your most recent payslips as soon as you can.  
Additional benefits Are there services provided in addition to insurance? What is the customer service like? We offer flexible payment plans and exceptional customer service, as well as a 30 day money back guarantee.  
Pre-existing medical condition Does the policy cover you for a pre-existing medical condition? Our Income Protection Insurance will give you cover options for your needs.  

Why should I keep my income protection insurance?

  • It safeguards your assets and standard of living 
  • It protects your family from the risk of financial hardship
  • A small price to pay for peace of mind and financial security
  • It’s a tax deductible investment with multiple benefits
  • I couldn't cope on a government benefit and/or by selling my assets to pay living expenses

If you would like to talk to us about income protection insurance, we’re here 12 hours a day, 5 days a week. Give us a call on 13 77 87.