If you’re unable to work because of an illness or injury, it’s unlikely you’ll be receiving a steady income that’s similar to what you were earning.
Income Protection insurance is designed to pay a monthly benefit of up to 75% of your regular income, to give you the freedom to focus on your recovery, without worrying about where the money is going to come from for your every day bills like your mortgage, groceries or utilities.
Income protection premiums vary greatly across the marketplace depending on the level of protection you are after. Prices vary depending on age, the salary you want to insure and other factors, and for most taxpayers premiums are tax deductible
For more information or to find out if you have adequate levels of cover in place please contact our Wealth Protection Specialist on 08 8132 9288.