How it works

  • Income protection generally pays up to 75% of your income when you’re unable to perform all or part of your occupation due to sickness of injury
  • Structure your income protection to suit your individual circumstances – inside or outside of superannuation, or a mixture of the two (split income protection)

Benefits

Find a level of cover that suits you and your budget.

Insurers offer a range of income protection options, including percentage of income to cover, waiting periods and inside or outside of superannuation.

It is a comprehensive income protection policy that may include:

  • Total Disability Benefit
  • Partial Disability Benefit
  • Rehabilitation Benefit
  • Specific Injuries Benefit
  • Crisis Benefit
  • Accommodation Benefit
  • Family Support Benefit
  • Home Care Benefit
  • Bed Confinement Benefit
  • Transportation Benefit

Optional benefits include:

  • Increasing Claim Option
  • Accident Option
  • Super Continuance Option

Tax deductibility

  • The premium will generally be an allowable deduction from your assessable income under Section 8-1 of the Income Tax Assessment Act 1997
  • Applies whether you are self-employed or an employed person

Customise your insurance

  • Talk to your financial planner to ensure your insurance meets all your needs and discuss customising your insurance to suit you
  • If you don’t have a financial planner, you can talk to one of ours
  • Make an appointment for a complimentary, no-obligation meeting with a professional financial planner
  • Call 1300 131 103, 8am to 7pm (AEST) business days

Call 1300 131 103

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