Resources: Insurance
Income Protection
What is it?
If you had a "machine" in your back yard producing you $70,000 a year, would you insure this machine just in case it breaks down?
Income Protection, also known as salary continuance, is an insurance cover that can pay you a monthly benefit of up to 75% of your regular income if you're unable to work due to illness or injury. Furthermore, if you were unable to return to work indefinitely this could provide you with a monthly income payment to age 65.
Why do you need it?
Protecting your income means you are protecting your lifestyle.
Your ability to earn an income is your greatest asset. What would happen to you or your family's lifestyle if this income were to stop?
How would you continue paying the mortgage, children's school fees, phone and utility bills, run your car, buy food and clothes, basically all of your day-to-day living expenses?
Protect your greatest asset today!
Let a Ratesonline accredited insurance consultant help you with this insurance policy.
Moneyquest Insurance Services Pty Ltd (trading as Moneyquest Insurance Services) is an Authorised Representative of Millennium3 Financial Services Pty Ltd (AFSL 244252), one of Australia’s largest advice groups. Neither ratesonline, Millennium3 nor moneyquest warrant or represent that the information in this site is free from errors or omissions or is suitable for your intended use.
Although every effort is made to ensure that the product information is current and correct this general information should only be used as a guide because it may not be complete for your purposes. You should confirm the information with the provider before you act on the information shown on this site. . Ratesonline is not licensed to provide financial advice but we can provide you with factual information. If you require more help, we can refer you to a professional adviser who can help you find the best solution for your needs.
Although every effort is made to ensure that the product information is current and correct this general information should only be used as a guide because it may not be complete for your purposes. You should confirm the information with the provider before you act on the information shown on this site. . Ratesonline is not licensed to provide financial advice but we can provide you with factual information. If you require more help, we can refer you to a professional adviser who can help you find the best solution for your needs.
