At Life Insurance Comparison, our aim is to ensure our customers have cover that protect themselves and their families from financial hardship. We’ve dedicated ourselves to becoming income protection specialists, and in the last few years we’ve been able to arrange premium relationships with insurers and train a team of knowledgeable staff.
Based in Sydney, we are independently owned and operated so we are able to offer a service that always puts our customers first. Our team have a great understanding of insurance products and the underwriting process, spending majority of their time educating our customers about how specific products may be able to suit their needs.
We compare policies from 9 different life insurers to find our customers the most ideal cover at the most affordable price. At Life Insurance Comparison, switching insurers is easy, you choose a better policy for you and we will help take care of the paperwork.
Before he came to us, Frank was paying for three separate insurance policies that were costing him over $10,000 a year. He was frustrated and disappointed with his insurers but didn’t know where to start.
With the help from one of our Senior Advisers he was able to amalgamate his policies into one comprehensive plan. With a new yearly premium of $6,000, and an insurer that has paid out over $2 billion in claims to Australians over the past two years Frank’s family was better protected and he was paying less.
Frank has since returned to us and we’re helping him with his Income Protection claim. As he recovers from knee surgery this money will help him support his family while he’s unable to work.
The amount of income protection insurance you need depends on your personal situation. What future plans do you and your family have that would be affected by the loss of your income? What percentage of your income would you require in order to make them happen? Compare income protection insurance with Life Insurance Comparison for an income protection quote on policies that fit into your budget.
The definition of cheap income protection cover differs from person to person. However, it is possible to find a low price on cover that will protect your salary should something happen to you.
For example, recent comparisons found that a 35-year-old nonsmoking male office worker with a benefit of $4,000 per month could get premiums for as low as $12.04 per week. For a 45 year old of that status, weekly premiums can be found for $22.59.
There are a few things you can do to find cheaper income protection insurance, such as opting for a longer waiting period and a shorter benefit period. You can also forgo optional benefits in order to keep your premium low, and select only those features that benefit you the most. Don’t forget that premiums are tax-deductible, so you’ll see more savings at tax time.
Get your income protection insurance online quote today from LifeInsuranceComparison.com.au to find cheap cover that offers value for money.