If you work in mining, construction or agriculture, you don’t need us to tell you how risky your job is. These industries have some of the highest number of serious accidents and deaths per year*, which is why it’s more important than ever to protect your ability to earn money.
Many Australians in dangerous jobs look to “living life insurance” instead of just death cover. Living life insurance includes policies such as income protection or total and permanent disability cover (TPD), that protects their ability to earn an income if the worst were to happen.
A few minutes could save you a whole lot of money
Miners, construction workers and tradies are the backbone of Australia. You work hard to earn a great wage, but the tough nature of the job means that your earning power is at risk if you’re injured, or worse.
That’s why so many Australians who work in the mines or on building sites hold Total and Permanent Disability (TPD) or Income Protection. Having these insurances provides peace of mind that you’ll still have money in the bank, even if you can’t work.
TPD can pay out a lump sum if you have a serious accident or injury that means you’ll never be able to work in a physically demanding job again.
Income Protection helps cover up to 70% of your income if you can’t work due to illness or injury. So if you broke a bone and we’re unable to do your job, you’d still get regular monthly payments even though you couldn’t do your job while you waited for your injury to heal.
Both types of cover mean that you can concentrate on your recovery without worrying about how you and anyone who depends on your wage is going to pay the bills.
Don’t put yourself at more risk – get on it today
If you thought about how you and your loved ones would survive financially if the worst were to happen, how would that scenario go?
Would there be panic that you couldn’t afford to repay loans or your mortgage ?
Would your partner’s income be enough to cover all of the bills? Do you have enough savings to get by without your income for weeks or even months?
No one wants to go through the stress that comes with unexpected health or financial curveballs. Protect yourself, your loved ones and your lifestyle through Income Protection or TPD insurance today.
Whether you work on a remote WA mine or on one of the many major construction projects around Australia, our specialists at Life insurance Comparison can help find the right life insurance policy that protects your lifestyle.
We compare policies from 10 of Australia’s leading life insurers so that you can protect your earning power and the financial future of your loved ones with ease.
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This article is opinion only and should not be taken as financial advice. Our advice is general in nature, it does not take your specific needs or circumstances into consideration. You should read the relevant product disclosure statement (PDS) before making any financial decisions. It is important to read the entire PDS carefully to make sure you have the cover that suits your own needs.
*Policy price is based on $2 million of cover for a 40 year old non-smoking white collar worker who has no pre-existing conditions. Prices may vary depending on your individual circumstances and insurance needs.