Income Protection Insurance – The most important Insurance
Why? Because it protects the income that provides your current lifestyle. Income Protection Insurance allows you to cover your expenses and maintain your financial obligations as you concentrate on getting better.
Importantly, the cost of Income Protection Insurance is fully tax deductible.
In the event of a serious illness or injury, the Insurer will pay up to 75% of your income until you have recovered sufficiently to work again, or up until the maximum benefit period as stated in the policy which is normally 2 years, 5 years or up to age 65. (The longer the “benefit period” the more expensive the premium)
Another key factor to determine how expensive or inexpensive your policy will be, is deciding what “waiting period” you require? In other words, how long can you be off work before you require the income to start?
Generally the waiting periods range from 14, 30, 60, 90, 180, 360 up to 720 days. (The shorter the “waiting period” the more expensive the premium)
Give us a call today or fill out the form on our contact us page to get a free no obligation quote and see how we can give you peace of mind in knowing that you and your family is protected if you were ever unable to work. We can guarantee that we will find you the best income protection insurance in Brisbane.