Income Protection
Income protection provides cover for periods of long absence from work due to accident or illness.
Peace of Mind Protection
Income protection provides cover for periods of long absence from work due to an accident, illness or disability. It helps ensure that you can meet financial obligations, such as paying bills, rent, or a mortgage, even when you’re not earning from your job.
Income Protection can replace up to 75% of your usual income and allows you to focus on getting better without the added burden of money worries.
Consult with a Financial Broker today for expert advice and tailored guidance on tailored guidance on the right income protection products for you.
Injury or Illness. Can’t Work. Don’t Worry.
Unfortunately, illness and injury can affect anyone – we all run the risk regardless of age or health status. If you are someone who:
- √ Family who rely on your income
- √ Self-employed
- √ Don’t have employer long term sick benefits
- √ Struggle financially without regular income
Then you should talk to your Financial Broker about Income Protection cover. Your Financial Broker will keep it simple and help you chose an Income Protection plan that’s tailored for your circumstances, ensuring you’re well-informed and confident in your choices.
Save with Income Protection Tax Benefits
Income Protection premiums are eligible for tax relief according to your marginal tax rate which could reduce your cost of your cover by up to 40% if you pay the higher tax rate.
Income protection is a highly tax efficnent way to protect your family’s wellbeing, so talk to your Financial Broker about right cover for you.
Choosing the Perfect Policy
When you opt for an income protection policy, you choose when you want the payments to start, known as deferred period. Choosing a longer deferred period could result in a lower monthly premium for your policy. If your job covers your income for long periods, or if you have financial resources to support you, you could take a longer deferred period, which could reduce your cover payments.
Bear in mind, that you cannot immediately claim income protection payments if you become ill or incapacitated. Generally, there’s a minimum waiting period of four weeks, but it can take longer after you cease working for the payments to begin.
Benefits
Planning Today for a Brighter Tomorrow – Secure Your Family’s Financial Future with a Financial Broker
Aligned to your Evolving Needs
A Financial Broker not only helps you choose the right policy, but they can adjust your coverage as your circumstances change, ensuring your income protection remains aligned with your evolving financial goals.
Risk Factor Considerations
Some occupations may not be eligible for income protection cover while others will attract higher premiums. By discussing the nature of your job, particularly any risk factors associated with it, your Financial Broker can give you a clear idea of costs and availability of cover.
Choices Made Easy
There are two key decisions you will need to make when taking out life insurance cover: is how much cover do I need, and which type of cover best suited to my needs? A Financial Broker will be able to simply explain the choices available to you, allowing you to make the right decision.
Right Direction
The monthly cost of income protection will depend on several factors like your age; your occupation, how long you want cover for, your general health, whether you smoke etc. By talking with a Financial Broker, they will explain the various cost factors and steer you in right direction in choosing what’s right for you.
Services
Financial Brokers deliver expert advice across a wide range of services including financial planning; savings and investments; mortgages; pensions and retirement; protection products; business advisory, and wealth management services.
Find a Financial Broker
Working with a Financial Broker provides you access to expert advice and a wide range of products, helping you find the best financial solutions tailored to your needs.