There are a number policy options you should consider when selecting income protection cover.
You should look into what type of income protection policy you would prefer:
- indemnity value,
- agreed value, or
- guaranteed agreed value (endorsed).
Each one has its own pro’s and con’s depending on your needs and situation.
If you have any questions, or if there are any other policy options you would like to discuss, please contact one of our advisers on 1300 135 205.
Disability and insurance varies depending on the definition, which in turn can affect your claims payment
Income protection insurance covers both sickness and accident, in or outside of work, unlike workers compensation which only protects you at the work place
Insurance for women is more tailored as income protection companies now offer specific benefits for women such as pregnancy premium waivers, part time work cover
Income protection premiums for women are different to men based on historical, health & probablity to claim factors
Insurance for women is becoming more important, especially now as women are often key income earners in the family & need their income protected
Asset protection strategies come in all forms, however not many people know their personal income is probably their greatest asset, and can be covered by income protection