What happens if your income stopped tomorrow?

You need to be safe in the knowledge that should the unexpected happen, you and your family will be protected. Income protection insurance replaces the income lost due to your inability to work because of sickness or injury.
If you were not earning an income for an extended period of time, could you afford the following costs?

• Your mortgage?
• Your car insurance, service and rego?
• Your land and water rates?
• Petrol?
• Your telephone costs?
• Gas and electricity?
• Your health insurance?
• Out of pocket medical costs?
• Your children’s education and activities?

Even a few months of no income could put serious pressure on your financial position and put unwanted stress and strain on you and your relationships. You need peace of mind that you have a regular income to cover the many daily expenses.

Income protection insurance, also known as salary continuance can help to alleviate the pressure when you are unable to work for a certain amount of time.

Our Newcastle professional insurance advisors can help you to consider the type and amount of income protection insurance that you need as well as help to review life cover and total and permanent disability cover.

Choosing an income protection policy

An income protection policy can have a range of benefits and differing definitions of disability. It is important to make sure you understand the type of income protection policy you are getting. Income protection policies vary from stepped or level, differing payout percentages and waiting periods before making a claim.

Our Newcastle Insurance advisor will help to work with you to ensure you get the best income protection insurance cover for your particular circumstances. With many life insurance policies available it’s important to ensure you acquire the best for your needs so that you can focus on getting better rather than worrying about bill payments and your family.