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 Company Directors
As a company director, you play an important role in the company you are a part of. With your experience, insight and advice, you help the company develop and grow not only financially, but also in terms of its general performance and its eventual success. It doesn't matter whether you are an inside director or an outside director--the part that you play is significant, which is also why you are in that position in the first place.
But what would you do when you're suddenly unable to fulfill your duties because of an illness or an injury? It's likely that your medical expenses will be covered by your health insurance, but what about your salary? The great thing is that there's something called income protection insurance.
What Income Protection Insurance Is
The basic principle of this type of insurance policy is that it provides you with a monthly salary when you are unable to work due to an illness or injury. Depending on your policy, you may receive up to 75% of your salary on a monthly basis. How long you will receive monthly payouts depends on the length of your benefit period, which is outlined in your policy. It could last a few months up to a several years. If you want to have a longer benefit period, expect to pay more in your premiums. The same thing goes with the waiting period. This is the period after which you will start receiving benefits, usually, 14, 30, 60, and 90 days. The shorter the waiting period, the higher the premiums will be.
Why You Need It
When you look at it, income protection insurance seems like just another useless expense you have to make. On the contrary, it is probably one of the most important types of insurance you'll ever need, because:
It helps protect your savings. Because you will receive monthly salaries, you won't be forced to dip into your savings for your expenses while you're not working.
It protects your family's future. Meanwhile, since your savings remain intact, you will be able to use it for the purpose your originally intended, be it for your children's education, or to renovate your home.
Get Income Protection Insurance Today!
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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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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