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 Directors
As a director of a company, you are given the unique opportunity to shape that company’s future. And if you are driven and are born to lead, the possibilities that lay before you are almost infinite. Of course there are challenges too, since you are responsible for the development of the company as a whole.
Due to the demands of this type of position, chances are that you are forgetting to think about your overall welfare, rather preferring to put the welfare of the business first. While your health insurance can help take care of you in case you get sick, you’ll need something more comprehensive for more serious cases. That is why most insurance companies today offer what is called income protection insurance.
What Income Protection Does
Income protection insurance was created with people like you in mind: people who could use a steady flow of income even during in times when they’re unable to work. But why does this matter to you? It does matter because if you get seriously ill or injured, your health insurance and the benefits you receive from the company could only help you so much. If your recovery requires you to stop working, where would you now get the income to pay for your bills, take care of your family’s needs, and to repay your mortgage? But with income protection insurance, you can rest assured that you will receive monthly benefits of up to 75% of your monthly income. You would certainly find this type of insurance helpful in your time of need.
How Much You Will Receive
As we mentioned earlier, income protection insurance can provide up to 75% of your monthly income. But how does the insurer compute that? To do that, they will first give you two options, either to get an agreed value or an indemnity value insurance policy. In an agreed value policy, the computation of the benefit will depend on how much you’re earning when you applied for the insurance. This is advantageous if your income is subject to fluctuations, as is often the case with self-employed individuals. However, if you receive a regular salary with a possibility of regular increases, you would benefit more from an indemnity value insurance policy since the benefit you will receive will depend on your last several paychecks.
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 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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