Life Insurance Blog

What is Income Protection Insurance?

Stephen Handley, September 14th, 2011
Income Protection insurance replaces income lost when a person is unable to work due to unexpected accident or illness. After meeting a specified waiting period, Income Protection insurance is paid as a monthly benefit by the insurer for as long as you meet the insurers definition of Totally or Partially disabled. The quality of Income Protection policies differ greatly because there are so many...
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Does Income Protection insurance pay if you’re out of work?

Stephen Handley, August 31st, 2011
Income Protection provides replacement income when you cannot work due to sickness or injury. It is arguably the most important of the 4 main types of Personal Protection insurance. Consider the following statistics: 1 in 3 Working Australians, at some stage in their career, will be off work for at least 3 months due to illness or accident. (Source: Australian Institute of Actuaries, 2000) The ...
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