Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

First Home Buyers E-Course
Property Investor E-Course
Home Loan Guide
Sign up for our Newsletters
 
MFAA

Certified NCCP Compliant
This mortgage broker is NCCP compliant

 
Powered by Finance Tools
 

Income Protection Insurance

Income Protection as the name suggests is a form that replaces your income in the event that you are unable to work for an extended period of time. It pays up to 75% of your average annual income, on a monthly basis and is designed to cover your living expenses if you are unable to work due to sickness or injury

Income Protection has waiting and benefit periods. The waiting period refers to the number of days before the commencement of income protection cover benefits, normally 14, 30, 90 days or possibly 2, 3 or 5 years after the claim is lodged.

If you have sufficient savings to last one or two years, you may choose to have cover that only starts after say the first two years, bearing in mind the longer the waiting period, the cheaper the premiums.

Why take out Income Protection

Imagine trying to pay your mortgage or other debts if you were off work for an extended period of time due to sickness or injury. The bottom line is you simply couldn’t, with the end result being you’d lose your house.

You can’t rely on sick leave as this normally only last a few weeks at best, so how would you pay for the simple things in life such as food, bills, school fees etc.

Income protection gives you the peace of mind, that should anything happen and you can’t work for a period of time at least you can focus on your recovery knowing that your bills and mortgage repayments will be taken care of
For an obligation free assessment why not contact one of our experienced Financial Advisors on 1800 111 455 and put your mind at ease.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Finance Made Easy Pty Ltd is a corporate authorised representative of Custom Wealth Solutions Dealer Services Pty Ltd (AFSL 301642) PO Box 812, Hamilton Central QLD 4007
Anthony Bice is an Authorised Representative of Custom Wealth Solutions Dealer Services Pty Ltd (AFSL 301642) PO Box 812, Hamilton Central QLD 4007