The 7 insurance companies and saving of 30% is based on the highest priced product available on Rate Detective's panel versus the lowest priced product on that panel, as at 08/11/2019 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.
Get 20% cash back up to a maximum of $500 on your first years premiums
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 24 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 24 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 the cash back to your nominated bank account.
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Income Protection Insurance for Builders
Being a builder can be quite a challenging task. Depending on the type of responsibilities delegated to you, you may have to do things such as coordinating the procurement and delivery of materials, working with professionals involved in the project, as well as overseeing the progress of the project.
And while it can be a fulfilling job, your role can be taxing and dangerous too. Because of that, it always pays to be prepared for whatever happens to you within and outside the workplace. In case you are unable to work because of an illness or injury, your employer may only provide you with limited coverage. Thus, it's important that you also protect yourself with income protection insurance.
What is Income Protection Insurance?
Income protection insurance is a type of insurance policy that is specificially designed to provide the insured with regular salary in case he is unable to work because of an illness or injury. Unlike term life insurance, income protection insurance is given on a monthly basis, with a value of up to 75% of the insured's salary.
Why You Need Income Protection Insurance
Compared to other insurance policies, this is the only one that will provide you with a regular salary when you cannot work. With your benefits, you won't have to worry about not having any income while you are recovering from your condition. What it means to you and your family is that you will be able to at least maintain your lifestyle during this trying period in your life.
About Benefit Periods
Of course you won't receive benefits for an indefinite period. There is such a thing called benefit period, which refers to the length of time in which you will receive your benefits. Some typically just last up to two years, while others may be 5 years or more.
Keep in mind, however, that the longer your benefit period, the higher your premiums will be as well. Because of that, find the right balance between a premium you can afford and a reasonable enough period before you think you can recover from your condition.
Apply for Income Protection Insurance Today!
The best time to apply for insurance is always today. The reason for that is because tomorrow never comes with guarantees. So it's important that you prepare yourself for whatever happens in the future by being insured.
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 Crown Wealth Group Pty Ltd ABN 22 603 037 510 Australian Financial Services Licensee 494274. 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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