Shield your financial future

 

Speak to your Credit Hub adviser to help you with Income Protection options in Melbourne
TRACK YOUR FINANCIAL HEALTH
NEED INCOME PROTECTION?
TALK TO AN ADVISOR

Income protection insurance, also known as salary continuance, assists you in the management of your expenses if you are unable to work for a certain amount of time if you are sick or injured.

Income protection insurance replaces the income lost through your inability to work due to injury or sickness. It is an important consideration for anyone who relies on an income. It is especially suitable for self-employed people, small business owners or professionals whose business relies heavily on their ability to work.

Income protection gives you a steady source of cash in case you get injured or sick and cannot work. This means you can focus on getting better and not on how you’re going to pay the bills.

“Ask your Credit Hub Australia advisor what they need from you so your claim gets processed as quickly as possible.”

Benefits of Income Protection

Each income protection policy has its own definition of disability and range of benefits. Income protection usually offers cover for up to 75% of your gross wages for a maximum time period (e.g. 2 years or to age 60). Income protection policies may be stepped or level, make sure you understand what sort of policy you are getting.

Income protection usually offers cover for up to 75% of your gross wages for a maximum time period (2 years or to age 60). Income protection policies may be stepped or level, make sure you understand what sort of policy you are getting.

You will need to pick a waiting period when you select your level of cover. This is the period of time (often 30 to 90 days) before you can make a claim.

Take into account your leave balances (e.g. annual, sick and long service leave) and access to emergency cash when choosing your time period. Income protection gives you a steady source of cash in case you get injured or sick and cannot work. This means you can focus on getting better and not on how you’re going to pay the bills.

Capture1