Income Protection Insurance
One of, if not the biggest asset in your life is your ability to earn an income, is your income protected?
If you are an employee you will have some sick leave or annual leave entitlements. These will generally cover you for somewhere around 4-6 weeks. Where does this leave you if you are out of work for a year or two? Even worse if self employed where such entitlements aren’t afforded. Without adequate cover your ability to maintain your standard of living, service your mortgage and fund everyday expenses is compromised and your savings eroded.
Income Protection insurance is a monthly benefit amounting to 75% of your monthly income payable for every month you are out of work due to injury or illness. It is payable whether the injury or illness occurred at work or elsewhere. Cover can be provided long term with benefits payable up til age 65 (even later in some cases) or indeed if appropriate for just a 2 or 5 year period. Such cover will ensure you can maintain your monthly expenses until you are fit enough to return to work.
Our eChoice insurance consultants are available to ensure your policy is tailored to your needs and assist with determining the appropriate;
- Monthly benefit;
- Benefit period;
- Waiting period;
- Stepped or level cover,
- Guaranteed or indemnity cover.
Our eChoice insurance consultants are equipped with the right skills and experience to ensure you and your family receive the right level of protection. To get started is easy, simply submit your details and get access to wide range of Australia’s leading insurers and highly rated insurance products.
