The 9 insurance companies and saving of 40% is based on the highest priced product available on Rate Detective's panel versus the lowest priced product on that panel, as at 20/06/2016 and based on hypothetical 42 year old female non-smoker seeking $1m life insurance cover (premium level). Not all life insurance providers in the market are included in the comparison. The amount of any savings will depend on your circumstances.
This offer is available for all insurance companies that are on our panel. To take advantage of this offer, mention the offer to Rate Detective at the time you submit an enquiry for a quote. After 12 months we will email you a reminder that your rebate is due, so you can call to confirm your details. To be eligible for this offer, your policy needs to remain in force for the full 12 months. Any rebate to which you are entitled will be paid directly into your bank account or provided on a Gift Card.
If your policy is taken out through a Superfund, other than a SMSF, once we receive confirmation from that fund that it has rolled over the money to the insurance company you have selected, we will pay 20% of the rollover amount to your nominated bank account.
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Income Protection Insurance for Accountants
Whether you are working as an accountant for a business or on your own as a self-employed individual, it's important that you protect your main source of income. You might not want to think about it, but there's no telling what could happen in the future. You could get sick for a long time that might put your finances at risk. That in itself should already be a cause of worry, especially if you have a family depending on you.
Let's say for example you're currently employed by a business. If you get sick or injured, you will be able to claim sick pay that would help cover your needs while you are recovering. However, the period of coverage is often limited, so you need to ask yourself where you will get the money should your recovery go beyond that period.
Meanwhile, it's even more difficult if you're self-employed. Since you don't have sick pay to claim, you would likely lose your income from the day you stop working as you recover.
In both cases, you would eventually find yourself needing the money to pay for your bills and other monthly expenses. You don't need to worry though if you have income protection insurance. This is a type of insurance that provides up to 75% of your monthly salary to help cover your expenses while you recover.
Deciding on the Value of Your Benefits
When it comes to income protection insurance, your insurer will often let you choose between an agreed value or an indemnity value income protection policy. As the name suggests, an agreed value insurance policy provides you with a benefit based on the value you came to an agreement with your insurer. Indemnity meanwhile, bases the value of your benefit based on your average pre-tax earnings before you got sick or injured. We recommend the agreed value option if your income tends to fluctuate such as when you are self-employed, and the indemnity option if your income has been on a steady rise.
Contact us on 1300 793 143 and we will organize you quotes from up to 9 Insurance companies in under 10 minutes. Our consultants will talk you through the process. Contact us today for more details!
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RATE DETECTIVE PTY LTD. AUSTRALIAN CREDIT LICENCE NO. 469009
The Rate Detective brand is operated by Spotter Finance Pty Ltd an authorised representatives (AR Number 1254369) of MYONLINEADVISERS PTY LTD ABN 85 159 942 828 Australian Financial Services Licensee 427484. Spotter Finance and its advisers are authorised to advise and deal in superannuation and life insurance products only.
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. Before acting on any information or advice on this website, you should consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Please note our advice does not include independent financial, legal and taxation advice prior to acquiring a product.
Not all providers of insurance, mortgages, and credit cards on the market are included in our comparisons. The amount of any savings will depend on your circumstances.
The financial products compared on this website do not necessarily compare all features that may be relevant to you. Comparisons are made on the basis of price only and different products may have different features and different levels of coverage.
Compare life insurance, home loans, income protection and credit cards to find a competitive rate for your situation by providing you prices for all products on our panel. There are hundreds of choices out there, and our guides and calculators can help you when you are searching for these products.
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