Income Protection Insurance provides an income replacement should you become
disabled by injury or illness.
Income Protection Policies
are also known as accident & sickness
insurance or disability insurance.
Australian Income Protection
is a tax deductible expense for most
employed and self-employed workers.
Income Protection Insurance
pays a monthly income benefit during a
term of disability.
Income Protection Insurance Companies offer monthly
benefits of up to 75%
of total monthly income. This can usually be extended to include optional term
life insurance, trauma cover and lump sum TPD (total permanent
disablement) insurance benefits.
Income Insurance Policies are complex legal documents.
You should be sure to seek professional advice from a licensed
insurance specialist before you buy or renew an income protection
insurance policy . This will ensure that your personal needs and
objectives are being met.
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Compare Income Protection Quotes
Apply online for a free comparative income protection insurance
policy analysis using state-of-the-art price comparator software. We
help YOU find the BEST income protection policy for YOUR specific
personal needs.
 There
are significant differences in disability income protection policies
from one company to the next. There are variations both in terms of the price that
you will pay as well as in the options, the benefits and the
features offered. You will even find significant variations in
policy definitions.
Each company, for example, will offer a slightly different variation
on how they determine what the term disabled means. Potentially
you may find that some policies are less appropriate depending on
your occupation, pastimes, health history and other individual
circumstances.
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Compare Instant Online Quotes
Choosing the best income protection insurance solution for an
individual situation is complex.
This has led informed consumers to seek advice
from specialist agents and brokers when comparing policies and options.
Advancing technology in recent years has given rise to the
"instant online quote.
Online quoting has proven popular with consumers
across a whole range of insurance categories.
The instant quote allows the insurance shopper to view and
compare prices from various insurance companies.
Comparisons are often offered side-by-side
to help in the decision making process - without the need to consult a
specialist.
A significant downside of using online quoting systems however is
that they promote the misconception that price is the most important
thing to compare.
They often ignore the fine differences in policy
terms from one company to the next.
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Variations between policy wordings and conditions may
seem minor to the uninitiated.
The reality is that it can mean the
difference between whether you satisfy the company's terms of
disablement and/or whether you are entitled to a benefit.
Professional Advice
The role of an agent or broker is to ensure that the choices you
make are informed choices, not just based on price.
A broker will also assist in the process of vetting and lodging
your application including negotiating with the insurer where
necessary to ensure that you get the most favorable terms.
Most importantly, a broker can play a vital role should you find
yourself having to make a claim on your policy.
It is for these reasons that all enquiries and quote comparison
requests made on this website are referred to licensed brokers and
agents.
These specialists can provide you with comprehensive advice and take into
account all of your circumstances before making recommendations. |
