Income Protection

Often considered the most important insurance, income protection locks in your income until retirement age (65), so your biggest asset is secured 365 days a year 24 hours a day against accident or illness.

Income Protection provides a monthly benefit of up to 75% of your pre-disability income, if you are unable to work past the selected waiting period (usually 14, 30, or 90 days). Importantly, income protection is tax deductible.

Consider this:

We all insurer our cars and homes, but often overlook how important it is to protect our ability to earn an income against accident or illness that occur every day – consider what your income is worth:

My Income

Over 10 years^

Over 20 years^

Over 30 years^

$40,000

$503,116

$1,322,638

$2,657,554

$60,000

$754,678

$1,983,957

$3,986,331

$80,000

$1,006,231

$2,645,279

$5,315,108

$100,000

$1,257,789

$3,306,595

$6,643,885

$150,000

$1,886,684

$4,959,893

$9,965,827


^Assumes salary increase of 5% p.a including inflation