income protection

In a bid to be more competitive AXA Australia recently upgraded it's personal insurance products and it has been income protection insurance products that have seen most significant changes.

When it comes to taking out life insurance and income protection, Australians are slowly catching up with the rest of the developing world.

Unlike other insurance companies that will offer income protection for footballers with exclusion or a loading, AMP Australia has finally realised the need to offer Income Protection Insurance to amateur footballers without the above clauses.

There is no such product as "APIA Life Insurance" or "APIA Income Protection". APIA can only offer Car Insurance, Home Insurance and Boat Insurance. But...

There is no such product as "RACQ Life Insurance" or "RACQ Income Protection". RACQ can only offer Car Insurance, Home Insurance and CTP Insurance. But...

In the event of your being unable to work due to illness or injury, and should your income have ceased, then you will probably need to claim on your Income Protection Insurance.

There is no such product as "RACV Life Insurance" or "RACV Income Protection". RACV can only offer Car Insurance, Home Insurance and Business and Farm Insurance. But...

To save on your income protection insurance premiums only insure for what is required.

Super funds are now permitted to provide Income Protection Insurance benefits to age 65 due to the government's recent decision. In the past, income protection cover through super was only provided for a maximum of two years.

There are pros and cons to taking income protection insurance through your Super.