Income Protection Insurance protects your most valuable asset, your income, in the event you are unable to work for an extended period of time due to sickness or injury. This cover will provide you with an ongoing monthly benefit of up to 75% of your pre-disability income until you are no longer disabled or your benefit period expires, whichever occurs first.
TAL, one of Australia’s leading Life Insurers and also one of our preferred insurers, has recently published statistics on the breakdown of various illnesses or injuries resulting in Income Protection claims they have paid throughout the past five years. The following charts illustrate this data for males and females up to 65 years of age.
Income Protection Claims are notoriously complex with significant expertise being of significant benefit throughout the claims process. If you are having trouble with your claim, speak to an adviser today.
General Advice Disclaimer
General advice warning: The advice provided is general advice only and in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.
