Income protection insures your most valuable asset – the ability to earn an income. It offers up to 80% of your salary if you’re temporarily unable to work because of sickness or injury.
Generally, premiums for Income Protection are 100% tax deductible.
Importantly, policies are guaranteed renewable once the cover is in place provided you pay your premium in timely manner, so insurers cannot cancel the policy due to a change in your circumstance.
Many policies include extra benefits, so when it comes to income protection you really do get what you pay for. Customised policy will be available depending on your needs and objectives.
We will ask you
- How stable is your income and employment?
- Do you want an agreed value or indemnity cover? (and explain the difference)
- How long can you wait before you receive benefits?
- How long do you want to receive benefits?
WE WILL ASCERTAIN THE LEVEL AND TYPE OF COVER THAT MEETS YOUR NEEDS
Premiums vary according to age, gender, smoking status, type of occupation, waiting period, benefit period, type of policy – although a basic policy may be cheaper, it may not meet your needs and provide the required protection for your income and your family.