income protection
fulfilling your basic needs
If you can't work due to an accident, illness or disability, Income Protection can provide you and your family with a monthly benefit that replaces some of your lost income.
If you were asked, "What's your biggest asset?" you're likely to say, "My house, my car or my boat." Your biggest asset is actually your ability to earn an income.
If you fall ill unexpectedly, or are disabled, Income Protection provides the financial stability to recover and return to the lifestyle you enjoy.
Ask yourself:
- If an illness or injury stopped you from working would you have enough savings to cover your day-to-day expenses (mortgage, food, power, etc.)?
- If you were unable to work again, would you and your family experience financial hardship?
How are Income Protection premiums calculated?
The maximum cover we are able to offer is 75% of your gross income. Even if they're injured or ill, most people will try to maintain their current lifestyle. That's why most clients choose the maximum sum assured.
As well as the standard factors of Life and Trauma insurance, Income Protection also takes into account your level of income and type of work, how long a stand-down period you choose before payments start, and the term of the cover.
