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What is income protection insurance?
Income protection is exactly that – it replaces your income if you can’t work due to sickness or injury.
It’s important because your income is what fuels your life today – and all of your plans for tomorrow!
Income protection insurance gives you the confidence to seize life’s possibilities knowing that if things don’t quite go to plan ... well you’ve got a plan for that as well.
Income protection pays you a monthly benefit – just like your salary – and generally covers up to 80% of your pre-tax salary. The money can help you:
- cover your mortgage or rent payments
- continue to make your repayments on your car
- take care of all your normal bills while you focus on getting better.
To find out more about income protection:
This is general advice and does not take into account your objectives, financial situation or needs. Before acting on this general advice you should consider the Product Disclosure Statement and the appropriateness of the advice having regard to your situation and consult your financial adviser.