Income Protection Insurance is a replacement income if you are unable to work at full capacity, or at all, due to sickness or injury. If you do not have an alternative income to rely on upon your illness or injury, you need Income Protection Insurance cover. Income Protection Insurance will help you maintain your home, lifestyle, provide for your dependants, while you spend what ever time is needed to recuperate.

Income Protection Insurance has benefits which can be varied to suit the individual, and which have a direct affect on the premium cost. It is a tax deductible expense.

To submit an online quote request form, go to the income protection insurance request quotation page.

Definitions

Monthly Benefit	Is the monthly amount of replacement income you will be paid. The maximum is 75% of your monthly gross income (i.e. before tax)
Benefit Period	Is the length of time your replacement income will be paid for any one uninterrupted claim. Choices of benefit periods are available; 2 yrs; 5 yrs or to aged 65 years. The longer the benefit period the more the premium cost
Waiting Period	Is the length of time you must wait before your replacement income will commence. Choices of waiting period are available; 2 weeks; one month; two months; three months; six months; one year; two years. The shorter the waiting period the more the premium cost.
Other factors affecting the premium cost of Income Protection Insurance:
Type of work you do	i.e. manual work will attract a higher premium cost than office work
Male or Female	There are variances between male and female premium costs
Your Age	The older you are the higher the premium cost
Smoker / Non Smoker	People who smoke attract a higher premium cost than non smokers
Pre-existing medical conditions	If you have a pre-existing medical condition, this may affect the premium cost of insurance. Depending upon the actual condition and the severity of it, you may be considered at normal premium rates, or the Underwriters of the Insurance may deem you to be at higher medical risk and therefore offer you a loaded (increased) premium, or they may offer you cover at ordinary rates but exclude anything connected to your pre-existing condition, or they may decline your application for cover totally. These issues can only be determined during Underwriting which occurs after you have submitted your original application for the insurance. You will be advised of these issues once the Underwriters have assessed your application. The application cannot proceed with any alternative terms without your written consent.

Note: As soon as you are medically defined as being able to return to work, your Income Protection benefit will then cease. Because you are then well enough to return to work.

To submit an online quote request form, go to the income protection insurance request quotation page.

Further Inquiries

We welcome inquiries on our Life, Trauma, TPD & Income Protection Insurance products and broker services. Please feel free to send us an email, call us on 1300 766 467, use our contact us page to send us an online inquiry or submit a life insurance request quotation, income protection insurance request quotation, trauma insurance request quotation or tpd insurance request quotation form. We will contact you within 24 hours to answer your inquiry.

DISCLAIMER

This web site does not provide financial or investment advice. The information herein is general material and does not take into account your personal and particular insurance, personal, or investment data or objectives or relevant needs. If we can assist with specific advice please contact us.

Anne Davidson, A.L. & Associates Pty Ltd ~ Insurance Acumen Australia (ABN 89 665 380 320) - Authorized Representative (237716)
of The Corporate Will Company Pty Ltd (ABN 82 009 145 886) AFS Licence 247 086
P.O. Box 1133, Canning Bridge WA 6153. Telephone: 1300 766 467 / (08) 9316 2572 · Facsimile: (08) 9316 4906