Sick days and personal leave may not give you enough time to recover from a truly debilitating illness or injury, leaving a gap where your salary once was. Income protection insurance provides you with ongoing payments (of up to 75% of your salary) that may help cover rent, mortgage repayments, ongoing medical costs and support your family and your lifestyle when the unexpected strikes.
If you’ve already got income protection you’ve made a great step towards securing your financials, but if you haven’t compared your options there’s a good chance you’re overpaying for your cover or missing out on crucial benefits. We’ve found that as seen on TV insurers can be charging up to 30% more than the insurers you’ll find on our panel*.
At Life Insurance Comparison we can help make affordable income protection a reality for Australians, allowing them to compare policies from a panel of 9 trusted insurers.
Our service is a powerful tool that links Australian customers with no knowledge of income protection and it’s industry, with fully underwritten cover at a price they may find more affordable, and what’s even better is that all quotes we provide are entirely free.
Here’s How You Do It:
Step 1: Select your current age below.
Step 2: Once you answer a few questions, you will have the opportunity to compare quotes from up to 10 of Australia’s largest insurers. You may also be entitled to a free consultation.
Some quick facts about Income Protection:
You might know that income protection is tax deductible, that’s absolutely true – the price of your premiums can reduce your tax payable if you pay them upfront. Alternatively, you can have your premiums superlinked where you pay part out-of-pocket, part out of super, or you can have all premiums deducted from your superannuation. If you are choosing to pay directly out of your super, your super fund owns your policy, so be sure to look into the conditions of release.
Sound confusing? That’s because it is! And that’s where the income protection specialists at Life Insurance Comparison can help. We’re here for you, to put the power back in your hands, and to make sure the money you pay into your insurance is working for you.
*‘Advised vs. Direct Income Protection’, Canstar.com.au, 16 March 2016.
Get Started Now:
Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.