Benefit Period & Waiting Period

The waiting period is the period of time you must wait before you can make a claim. The most popular options are 30 days and 90 days. Other options include 60 days, 6 months, 1 year and 2 years. The benefit period is the length of time the insurer will provide you with your monthly benefit, if you were to suffer from an illness or injury. The most popular options are 2 years, 5 years or coverage until the age of 65.

When are you covered under your Income Protection Policy?

You are covered 24 hours a day, 7 days a week at work, home even on an overseas holiday. Income Protection provides cover for most sports provided you are not playing at a professional level. If you have an accident, when honouring a claim, Income Protection doesn’t look into the fault of the accident, they simply consider the fact that you are unable to work. Day 1 Income Protection Cover we can offer you Income Protection cover from Day 1 of any accident. To find out how you can acquire such a policy, speak to one of our qualified consultants today.

What does Income Protection Cover?

If you are unable to work due to an accident or illness, Income Protection will provide cover and financial security provided the injury or illness is not related to a pre-existing condition. We can still find a suitable policy even if you have a pre-existing condition due to our excellent relationships with the Australian insurers. Income Protection also covers Mental illness and stress related illnesses, but does not stretch to motor sports racing and professional high risk sports.

Why You need Income Protection Insurance

How would you manage your finances if you were suddenly unable to work due to an illness or injury?  Sure, your sick leave, long service leave and savings may keep you going for a while, but what if you were unable to work for a year or more?

With an Income Protection Insurance policy you will recieve up to 75% of your salary should you need to make a claim.  This monthly payment ensures that you're able to concentrate on getting better, knowing that your financial commitments are taken care of.  You are able to select your waiting period and your benefit period to suit your individual needs.

Income Protection Insurance premiums are tax deductable, meaning that the cost of your cover is ever more affordable!  I just makes sense to call us today to arrange your Income Protection Insurance.