Why You Need It
Income protection provides a monthly payment reflecting up to 75% of your pre-disability income, which is paid after a set “waiting period” until you return to work, or your benefit period expires.
Your ability to earn income is your most important asset. If a disability or extended illness prevents you from working, the financial consequences could be devastating for your lifestyle and those that depend on you.
When you consider an average income earner will earn over $1.4 million through their working life, a prolonged absence from work, or a return to work in a reduced capacity could have a severe impact on your future financial security.