Income Protection Insurance
Income Protection insurance replaces up to 85% of your income if you're unable to work due to illness or injury. Unlike lump sum policies, income protection provides ongoing monthly payments to cover your bills and living expenses while you recover. Premiums are tax deductible for most people.
Who Needs Income Protection Insurance?
- Self-employed with no sick leave
- Single income households
- Anyone with mortgage or rent commitments
- People with limited savings
- Commission-based workers
- Contractors and freelancers
Key Details
- Waiting Period
- 14, 30, 60, or 90 days (your choice)
- Benefit Period
- 2 years, 5 years, to age 65, or to age 70 (your choice)
- Expiry Age
- 70 years old
- Tax Deductible
- Yes — Premiums are tax deductible
Contact us for an indicative quote
What Income Protection Insurance Covers
Common Exclusions
Most income protection insurance policies will not cover:
Compare with Other Insurance Types
See how income protection insurance compares to other types of coverage
Life Insurance
A lump sum payment to your loved ones when you pass away.
Total and Permanent Disability Insurance
A lump sum if you can never work again due to illness or injury.
Trauma Insurance
A lump sum if diagnosed with a serious illness like cancer or heart attack.
General Advice Only
- This is general advice only and does not take into account your individual circumstances.
- Please read the Product Disclosure Statement (PDS) before making a decision.
- Consider seeking personal advice from a licensed financial adviser.
Authorised Representative Number: 1244847 | Australian Financial Services Licence: 246623
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