Undoubtedly your most valuable physical asset is your ability to earn. How would you get on if you lost this?
This pays a monthly amount should you be unable to work due to illness or injury. The amount is calculated by a percentage of your gross income, to a maximum of 75%. Where the life/trauma/TPD benefits cover more specific scenarios, the advantage of income protection is that covers any illness or injury that may cause you to be off work. It can be fully tailored you to suit your specific needs & budget with numerous options, from how long you wait until you are paid, to how long you it will pay you for.
These options include:
- Wait period options – 2 weeks, 1 month, 2 months, 3 months, 6 months, 1 year, 2 years
- Payment period options – 1 year, 2 years, 5 years, to age 65, to age 70