Income Protection Insurance

Income Protection Insurance provides a monthly replacement income if you are unable to work due to illness or injury. 

Generally, it can cover up to 75% of your gross income, with the possibility of coverage up to the age of 65 (depending on occupation, health etc.).

This can be purchased inside or outside of Superannuation, where policies outside of Super are generally tax deductible. 

Unlike Mortgage Payment Protection Insurance, income protection covers an actual specified income not just an amount to cover home loan or other bill repayments.  

There are many different options with many different insurers and all sorts of different benefits available.  Premiums can be based on the amount insured, your occupation, health, if you have dangerous hobbies or if your work is considered dangerous. Our qualified financial planners will be able to help you find excellent options that best meet your needs.