income protection

The cost of insurance is one of the primary deterrents to people from getting insured, without realizing just how expensive it is to be hospitalized without any policy to cover them. However, the good thing is that at least one type of insurance can be tax deductible: Income Protection.

When you apply for income protection insurance, you will be given a choice between an Indemnity Value and an Agreed Value policy. Which one should you choose? Before you decide, you need to consider a number of different factors, including your budget, which will dictate the level of cover you can obtain. Below we explain the differences between the two policy options.

Have you ever considered how you could pay the mortgage, school fees or general household bills if you were no longer receiving an income through an unexpected illness or injury? What would happen to you and your family if the bills kept mounting up on your desk but you didn’t have the means to pay for them?

2/3 of Australians don't have Income Protection Insurance, so how would you keep paying the bills and living the lifestyle that you have become accustomed to if you are one of these people? Below is a case study that really happened; only names have been changed so that the clients could remain anonymous.

How you choose to spend your free time shouldn't prevent you from purchasing a life insurance and/or income protection policy.

When times are tough families need to consider their personal insurance before insuring their homes. Statistics has shown that workers are 200 times more likely to be out of work due to illness or accident than to have a house fire. Statistics have also shown that only 20% of workers have income protection.

Australia is a country where sport plays a very important part, and it is therefore not surprising that Income Protection Insurance has become available to sports players.

Before you purchase Income Protection Insurance it is imperative that you have adequate information and fully understand all the significant provisions, and carefully consider the cost of premiums and the total insurance you could derive.

Over 3.3 million Australians or around 29 per cent of the workforce is employed part-time, so the Australian Insurance industry has realised the need for income protection insurance for part-time workers.

Asteron Insurance has announced a first to market initiative in eliminating mandatory Medical Exams across its entire range of life insurance products.