Pregnancy Premium Waiver For Your Income Protection

There are a few insurance companies that now have a Pregnancy Premium Waiver Benefit with their income protection insurance policies.

Starting or adding to a family is a very exciting time, but it can also prove to be a very stressful period due to lack of income.

How does the income protection pregnancy premium waiver work?

By having this insurance policy will ensure that:

  • Your valuable cover will remain intact, avoiding the possibility of having to reapply when returning to work.
  • Your cover will not lapse as the life insurance company will pay the premium for you up to 6 months over the life of the income protection policy.
  • You have full cover, even though you maybe on maternity leave.

Life insurance companies make it possible for women to eliminate the addition of added financial stress to the family during this particular time.

The benefit payment criteria varies between each life insurance company. The following requirements must be met:

  • The insured is currently not working
  • The insured is in the 2nd trimester or
  • Not more than six months has elapsed since the birth.

Who offers best income protection with Pregnancy Premium Waiver?

We compare all major life insurance companies in Australia. Please call us on 1300 793 143 or fill out the form on this page and a consultant will help you to find best income protection policy with pregnancy premium waiver.

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Published on April 4-nd, 2010 in Insurance
Damon Rasheed is the CEO of Rate Detective, an Australian financial service comparison sites specialising in Life Insurance, Income Protection Insurance and home loans. Damon holds a Master's Degree in Economics from the University of Melbourne and has been involved in many start-up internet businesses.

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Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.

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