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.
Sports players are at high risk of becoming injured, and what would happen if he were suddenly to have an accident that required hospitalization or extended time off work to recover. Statistics has shown that approximately one million Australians experience serious illness or injury which either requires hospitalisation or prevents them from working.
As worker's compensation does not cover injuries sustained outside of work, life insurance companies have finally realised that there is a need to provide income protection to people who play sport.
Income protection insurance will provide an income if you are unable to work due to sickness, accident, or sports injuries. Many policies cover up to 75% of your salary.
The provision of income would continue for a specified time or until the sports player is recovered and able to commence playing once again.
Income protection policies are very flexible and can be tailored to suit your individual and family circumstances, and premiums for Income Protection are usually tax deductible.
So please give us a call on 1300 793 143 and let one of our trained advisers help you find the right sports income protection insurance policy to suit your requirements.