Protect your income with Income Protection Insurance
Income Protection Insurance provides financial security if you are unable to work due to illness or injury. It replaces a portion of your regular income, helping you maintain your lifestyle and meet ongoing financial commitments while you recover. Policies can be tailored to suit your occupation, income level, and specific needs, ensuring you are adequately protected.
What is Income Protection Insurance?
Income Protection Insurance is designed to provide a regular monthly benefit if you are temporarily unable to work due to sickness, injury, or other covered conditions. Coverage can be customised with options such as waiting periods, benefit periods, and the level of income replacement to match your individual circumstances. This type of insurance helps protect against loss of earnings, ensuring that your financial obligations, such as mortgage repayments, living expenses, and family needs, can still be met.
Depending on the policy options chosen and any applicable waiting periods, Income Protection Insurance may include:
- A percentage of your income replaced if you are unable to work due to illness or injury (commonly 75–100% for workplace-related disability, and 70–85% for non-workplace disability).
- Death benefits and death expenses cover.
- Rehabilitation and return-to-work support to help you resume your role.
- Homemaker assistance if required during your period of incapacity.
- Workers compensation top-up, covering the difference between compensation payments and your regular income.
- Optional mental health benefit coverage to support recovery from psychological conditions.
Who is Income Protection Insurance suitable for?
Income Protection Insurance is particularly valuable for individuals whose income is essential for personal, family, or business obligations, including:
Self-employed individuals and small business owners
Who do not have access to paid sick or annual leave, making income protection crucial to maintain personal finances and support ongoing business operations if illness or injury prevents you from working.
Individuals with dependents
Where family members rely on your income for day-to-day living expenses, ensuring that they are supported financially even if you are temporarily unable to work.
Those with financial obligations
Including mortgages, loans, or other financial commitments, where income replacement helps you continue meeting essential payments and avoid financial stress during periods of incapacity.
Get in touch
Everyone’s situation is different, and your income and responsibilities are unique. Our brokers can help you understand your current financial position and future goals, ensuring you have the right income protection cover in place to suit your individual circumstances.
For more information or to arrange cover, please contact us or simply fill out the Income Protection Insurance quote form below and one of our insurance brokers will get in touch in one business day.
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