Income Protection

Income Protection Insurance replaces up to 75% of your income from employment should you become ill or injured to the point where you are unable to work temporarily or indefinitely. Without this protection, it would be difficult to meet day to day costs, service loans, meet additional medical costs and continue to save for your retirement.

Income Protection policies will pay you an income for the nominated period of time after a nominated waiting period. The premiums are tax deductible to the life insured and any benefits received should you claim will form part of your assessable income in the year they are received.