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 for Managers!
If you manage 2 people or more you may be able to get income protection considerably cheaper by reviewing your policy to see if you are on the best occupational rating. Let us help by discussing your occupation with the 9 insurance companies on our panel to see if you can save money.
According to salary comparison website, PayScale, the average salary of a general manager in Australia is $89,651.
These figures put general managers above the average Australian salary, which is at $69,992. But what would you do if you suddenly fell ill or got injured?
That is where income protection insurance comes in. It is a type of insurance that is designed for people earning a living to receive regular salary in case they are unable to work due to an illness or injury.
How Income Protection Insurance Works
Income Protection can protect up to 75% of your salary if you cannot work due to any illness, accident or injury. You need to select a waiting period and a benefit period. The waiting period is the amount of time you will need to wait until you are eligible to receive the claim, typically that’s 30 days, however, other common waiting periods are 14 days or 90 days. The benefit period is the amount of time you can be paid for if you cannot get back to work. Typically, people choose an age 65 benefit, but 2 years and 5 years are also common.
Can my superannuation pay for premiums?
Premiums can generally be paid for inside or outside of superannuation. If you choose to pay outside of superannuation then the premiums are generally tax deductable at your marginal tax rate. If you go on claim the benefits are usually taxable. If you pay inside your superannuation, your super generally pays an annual amount by a partial rollover to the insurance company. With most of the companies we work with, you will receive a 15% upfront tax rebate and a further 9% discount for choosing to pay annually (total discount approximately 24%). If you need to claim, money gets released from your super fund to you as temporary incapacity is a condition of release of super funds.
Contact us on 1300 793 143 or submit your details on this page 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.
Rate Detective aims is to save its customers money, time and effort through its innovative rate comparison website designed specifically to cater the needs of the Australia market. Rate Detective is a one stop online shop that provides the necessary tools to help you find and compare home loans, personal insurance, credit cards and travel insurance. Rate detective is even able to help you find suitable electricity providers!
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