Cover up to 75% of your income to keep your family afloat if you’re unable to work due to sickness or injury.
A range of cover options are available to suit your family's needs and budget.
The replacement income enables you to pay rent or mortgage payments, living and medical expenses.
Have your income protection premiums deducted from your superannuation account without affecting your day-to-day cash flow.
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#Lifewise/NATSEM Underinsurance statistics.
John and Jane were on their way to big things. John had been promoted to Head of Sales and received a generous salary increase to earn $200,000 p.a. while Jane was working in Human Resources earning $80,000 p.a.
John and Jane had worked hard through their twenties and early thirties, purchased their first home and had two happy and healthy children – the youngest of which had just started primary school.
John lost his father to heart disease at an early age, which prompted John to take out life cover worth $1 million for both himself and Jane. John thought this would be adequate insurance cover.
A year later John was in a car accident that resulted in severe head trauma. It was 18 months before John could return to work in a part-time capacity. John’s employers were patient and extremely supportive until he could return to work. However they could only pay him for the duration of his sick leave entitlement – five weeks.
Jane would much rather have taken care of John as he recuperated. However, she was now the sole income-earner and needed to work to continue meeting their mortgage repayments.
While having adequate income protection insurance could not have made those 18 months any easier from an emotional perspective, the cover would have replaced up to 75% of John’s income – giving the couple two key options:
This case study is for illustrative purposes only and the terms and conditions of insurance will depend on the particular insurance policy purchased.
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