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Income Protection Insurance

Income Protection Insurance comparisons from Income Protection Direct. Best quotes on Income Protection Insurance Australia wide & save 20%. Visit us at www.incomeprotectiondirect.com.au/

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Income Protection Insurance

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  1. Income Protection Insurance The Security of Your Future

  2. Income Protection in Australia • Income Protection Insurance will provide you with an income if you are unable to work due to long term illness or injury. • Income Protection is a monthly benefit that pays you up to 75% of your income and covers you for accidents, illnesses or major traumas. It pays you up until you return to work , If you cant return, up until retirement age being. © Copyright 2011 - 2012 www.IncomeProtectionDirect.com.au

  3. Income Protection Helps • Having an income cover plan means that should injury or illness strike, you can continue to live your life and still be able to pay for: • Your mortgage or rent • Day-to-day living expenses • Medical expenses associated with your sickness or accident © Copyright 2011 - 2012 www.IncomeProtectionDirect.com.au

  4. Benefits of Income Protection • Income Protection provides the following built-in benefits: • Total Disability – a monthly benefit that covers up to 75% of your income if you are Totally Disabled at the end of your waiting period. • Inflation Protection – an annual automatic increase to your cover to ensure your benefit keeps pace with inflation and maintains its value. © Copyright 2011 - 2012 www.IncomeProtectionDirect.com.au

  5. Benefits of Income Protection • Waiver of Premium – while you are a receiving a benefit for Total Disability, your Income Protection premiums will be waived. • Usually, income protection insurance covers nearly 70 percent of policyholder's normal earning, but it could be less for high earners. • The benefits are paid regularly after the deferred period, which is the time between the valid claim and actual commencement of benefit payment. © Copyright 2011 - 2012 www.IncomeProtectionDirect.com.au

  6. Income Protection Comparisons • Premiums – there are many things which can affect your final income protection insurance premiums. They will typically look at things like your: • Occupation • Insurable income • Benefit period options • Waiting period options • Policy type (agreed or indemnity) • Age, gender & smoking status © Copyright 2011 - 2012 www.IncomeProtectionDirect.com.au

  7. Income Protection Premiums • There are two types of premiums: • Level Premiums – where your premium remains the same over time. • Stepped Premiums – where your premium increases every year. This option may be cheaper at the beginning of your contract, but will become more expensive over time. © Copyright 2011 - 2012 www.IncomeProtectionDirect.com.au

  8. Thank You www.IncomeProtectionDirect.com.au This presentation does not represent and products or services provided by IncomeProtectionDirect.

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