Income Protection

Income Protection Articles & Guides

• Life Insurance TAL introduces Health Sense

  TAL has launched Health Sense which provides an incentive for people who are healthy to sign up for insurance through TAL by applying a discount on cover for those with a body mass index (BMI) of between 19 and 28. The discount can be up to 15% of insurance premiums, depending how many policies you take out.

• Income Protection What you should be covered for with income protection

  Of all the types of insurance available income protection (IP) is one of the most important. What it attempts to secure is the income a breadwinner is bringing in while they are hopefully recovering from a medical condition or accident that prevents them from working.

• Insurance Giving you the best chance of having your claim approved

  The vast majority of claims are of course paid out on but there are a percentage that, for one reason or another are not. In this continuing series on the ins and outs of insurance claims we’re looking at statistics supplied by AIA Australia, one of this country’s largest insurance companies. What we’re seeking to do is inform people on how to avoid having a claim rejected by their insurance company.

• Income Protection Football Income Protection - Standard Rates

  MLC is the only insurer on the market to now accept amateur footballers from all codes at standard insurance premiums, on a 30 day minimum wait. This means that whether you enjoy playing AFL, Rubgy Union, Rugby League or Soccer, you can enjoy the peace of mind of coverage, but without the 25% loading that used to apply.

• Income Protection Needle-stick protection Income Protection

  Imagine the worst happens. You’re performing a routine venipuncture, something you’ve done regularly over the past 15 years of your career as a medical practitioner. But, this time, as you withdraw the needle from the patient, their arm slaps against yours and the needle cuts through the latex and into your finger.

• Income Protection The three tiers of income protection - how do they work for you?

  Over past few years many insurers have moved to a ‘three tier approach’ to income protection, using three broad definitions of total and partial disability: Duties, hours, and income.

• Income Protection Virgin Income Protection Insurance, Direct Insurers

  Let’s face it, applying for income protection - or any form of insurance - is unlikely to be the highlight of your week, and we all want the process to be over as quickly as possible. Many direct insurers offer this simplicity, with policies such as those advertised with ‘on-the-spot’cover, no questions asked. The appeal of speedy coverage is obvious, but policies such as these do come with limitations, and it is important to weigh up your options before settling on a policy that is right for you.

• Insurance Alcohol Consumption and insurance, what you should know.

  Most people in Australia have an alcoholic drink at some time or another. You could say we have one of the stronger drinking cultures in the world with alcohol being a regular part of most social events and commonly found in many homes.

• Insurance Income Protection Inside of a Super Fund—What You Need to Know

  Many people these days are choosing to have insurance within their super funds. Some of these people choose to bundle Income Protection Insurance in as part of this and it’s easy to see why.

• Insurance Temporary Total Disability/Income Protection, the “ins and outs”

  Income protection, sometimes referred to as TTD (Temporary Total Disability) should be front and centre when thinking about insurance but unfortunately it isn’t.

• Insurance Smoking vs Non-Smoking rates for Insurance.

  All other things being equal the average 30 year old male non-smoker pays around $550 per annum for a 1M policy. The average smoker pays $950.

• Property Investment Property Investment Tips: On Insurance

  Purchasing a property is the largest investment that most people will make in their life. Many people don’t protect this investment adequately with the right types of insurance. In this article, we’ll share with you a number of your insurance options if you own an investment property.

• Insurance Insurance through Colonial First State Personal Super Fund

  If you have a Colonial First State Super Fund, you might not be aware that you have a choice between a number of insurance providers that can offer you TPD, Life Insurance or Income Protection written through and paid for by your First State Super Fund.

• Insurance Insurance for the deaf and hearing impaired

  At Rate Detective, we recognise that insurance can sometimes be difficult to understand. Talking with one of our advisers is often helpful when explaining the different types of insurance and options available.

• Income Protection Why Apply for Income Protection Insurance If You're Self-Employed

  Being self-employed comes with a lot of perks that you wouldn't find if you were working in an office. These include being your own boss, setting your own schedules, as well as having a direct hand on how you want your business to succeed. However, being a salaried individual has one big advantage over their self-employed counterparts: sick pay.

• Income Protection Essential Tips on Income Protection Insurance

  As an adult who earns an income, income protection insurance is probably one of the best and the most important types of insurance you can take out. The reason for this is that you could receive up to 75% of your salary should you become unable to work due to an illness or injury.

• Income Protection Best Income Protection Insurance - for you

  So you are looking for the best income protection insurance policy on the market? We have a lot of our clients ring in and ask for exactly that, however, for you to decide upon which is the "best insurance policy" for you an understanding of how insurance companies price income protection is helpful.

• Income Protection Waiting Period - Income Protection Insurance

  When selecting an Income Protection Policy one of the key things you will need to choose is the waiting period for your income protection. The waiting period is the time you must wait if you become sick or injured and cannot work before making your claim. At Rate Detective we have found that the majority of our clients choose a 30-day wait, however, other common waiting periods are 14-days, 60 days and 90 days.

• Income Protection Income Protection Insurance for High Income Earners

  Some people think that since they earn significantly more than the average Australian that they no longer need to get life insurance. However, this isn't always the case.

• Insurance Want to Get Tax Deductions with Income Protection?

  The cost of insurance is one of the primary deterrents to people from getting insured, without realizing just how expensive it is to be hospitalized without any policy to cover them. However, the good thing is that at least one type of insurance can be tax deductible: Income Protection.

• Insurance Understanding Redundancy

  Today, workers don't have the same job security as previous generations. Gone are the days when people spent their entire lives working for the same company. While it may be easy to dismiss the current situation as the fault of employers, the truth is more complicated than that.

• Insurance How to Prepare for a Redundancy with Redundancy Insurance

  In today's difficult economy, many businesses cut down their workforce in order to save costs, especially on salaries.

• Insurance Indemnity vs. Agreed Value: Which One is For You?

  When you apply for income protection insurance, you will be given a choice between an Indemnity Value and an Agreed Value policy. Which one should you choose? Before you decide, you need to consider a number of different factors, including your budget, which will dictate the level of cover you can obtain. Below we explain the differences between the two policy options.

• Life Insurance Why Family Insurance is Important

  Have you ever considered how you could pay the mortgage, school fees or general household bills if you were no longer receiving an income through an unexpected illness or injury? What would happen to you and your family if the bills kept mounting up on your desk but you didn't have the means to pay for them?

• Income Protection Income Protection Insurance For Your Occupation

  A variety of industries and occupations incur inherent risks. For this reason, insurance companies offer a range of specialized income protection insurance polices tailored to provide specific options and benefits.

• Income Protection Why Income Protection Is Essential - A Case Study!

  2/3 of Australians don't have Income Protection Insurance, so how would you keep paying the bills and living the lifestyle that you have become accustomed to if you are one of these people? Below is a case study that really happened; only names have been changed so that the clients could remain anonymous.

• Insurance Your Hobbies Shouldn't Prevent You From Purchasing Income Protection

  How you choose to spend your free time shouldn't prevent you from purchasing a life insurance and/or income protection policy.

• Insurance Why Australian Insurance Companies Must Raise The Profile Of Income Protection?

  Australian insurance companies are making it their business to inform all Australians of the benefits of income protection.

• Life Insurance Different Types of Personal Insurance

  Most Australians already know main personal insurance types such as life insurance, income protection insurance, trauma insurance & TPD Insurance. However there are less known different types of personal insurance.

• Income Protection Income Protection Insurance - Now Is The Right Time!

  If you have been considering taking out Income Protection Insurance, then now is the ideal time to set this up. The end of the financial year is fast approaching and all policies taken out before the end of June will be able to receive a tax reduction.

• Insurance Million Dollar Woman Insurance - Recognition For Mothers

  It has taken 100 years to finally realise that looking after children and doing housework is valued. Australian mums are now able to receive $900 a week for housework to pay someone to do their cleaning, cooking, laundry, shopping and child care in the event of them being injured or taking ill - thanks to Million Dollar Woman Insurance.

• Income Protection Why Income Protection Is Most Important?

  When times are tough families need to consider their personal insurance before insuring their homes. Statistics has shown that workers are 200 times more likely to be out of work due to illness or accident than to have a house fire. Statistics have also shown that only 20% of workers have income protection.

• Insurance Income Protection Insurance For People Who Love Playing Sport

  Australia is a country where sport plays a very important part, and it is therefore not surprising that Income Protection Insurance has become available to sports players.

• Income Protection The Difference Between Salary Continuance & Income Protection

  Salary Continuance and Income Protection Insurance can provide you with an income if you are unable to work due to sickness or accident. Many policies will cover up to 75% of your salary.

• Insurance Queensland Floods - Our Contribution

  Everyone is affected by the floods in Queensland and here is Rate Detective's contribution towards Queensland Floods disaster. Rate Detective throws its support behind Queensland Flood relief effort.

• Income Protection How To Calculate Your Income Protection Sum Correctly?

  Before you purchase Income Protection Insurance it is imperative that you have adequate information and fully understand all the significant provisions, and carefully consider the cost of premiums and the total insurance you could derive.

• Income Protection Can Part-Time Workers Get Income Protection Insurance?

  Over 3.3 million Australians or around 29 per cent of the workforce is employed part-time, so the Australian Insurance industry has realised the need for income protection insurance for part-time workers.

• Income Protection Income Protection Insurance With Pre-Disability Earnings

  By having Income Protection Insurance you insure yourself against untoward financial loss in your employment.

• Life Insurance Suncorp Life Insurance and Suncorp Income Protection

  Suncorp Life Insurance is trading as Asteron Life Insurance brand in the independent financial adviser (IFA) market.

• Income Protection Income Protection For Professional Athletes

  Extraordinary people need extraordinary protection, and as Australia is a country where sport plays a very important part, it is not surprising that income protection insurance has become available to professional sports players.

• Income Protection Effective Income Protection Premiums

  Income Protection Insurance premiums are tax deductible for most taxpayers in Australia, therefore it's important to understand what your effective income protection premiums are.

• Income Protection Income Protection For Small Business Owners

  More and more workers in Australia are obtaining income protection insurance policies. In the event that should someone be unable to work, due to sickness or injury then income protection insurance protects them by paying their salaries.

• Income Protection Income Protection Claims - Frequently Asked Questions

  In this article we try to answer most common questions about income protection claims. As you know, income protection insurance pays a monthly benefit if you unable to work due to illness or injury.

• Income Protection Crisis Benefits Option With Income Protection

  Usually income protection insurance provides an income stream for you should you become unable to work due to an injury or illness. However even if you are still able to work benefits can be paid to you under the crisis benefits option.

• Income Protection Income Protection Insurance for High Earning Executives

  Up until a while ago high income earners were allowed to insure themselves only for up to $30,000 per month on their Income Protection Insurance Policies.

• Insurance Reasons to Review your Income Protection Policy

  Due to the number of insurance companies vying for your business, there are a large variety of alternative income protection insurance policies available, each with their own individual attractions.

• Income Protection AXA Upgrades Its Income Protection Insurance

  In a bid to be more competitive AXA Australia recently upgraded it's personal insurance products and it has been income protection insurance products that have seen most significant changes.

• Trauma Cover Every 5 Minutes New Case Of Cancer Will Be Diagnosed

  Daffodil Day is on Friday, 27 August 2010. With this in mind, there is no better time to remember about the importance of critical illness insurance and income protection.

• Trauma Cover Why You Should Have Trauma Insurance & Income Protection

  Life Insurance will benefit your loved ones if you were to pass away, but Trauma Insurance will pay a lump sum if the insured should suffer a serious life threatening illness or accident.

• Income Protection Income Protection Insurance For Footballers - At Last!

  Unlike other insurance companies that will offer income protection for footballers with exclusion or a loading, AMP Australia has finally realised the need to offer Income Protection Insurance to amateur footballers without the above clauses.

• Life Insurance APIA Life Insurance and APIA Income Protection

  There is no such product as "APIA Life Insurance" or "APIA Income Protection". APIA can only offer Car Insurance, Home Insurance and Boat Insurance. But...

• Income Protection Claiming on Income Protection Insurance

  In the event of your being unable to work due to illness or injury, and should your income have ceased, then you will probably need to claim on your Income Protection Insurance.

• Life Insurance RACV Life Insurance and RACV Income Protection

  There is no such product as "RACV Life Insurance" or "RACV Income Protection". RACV can only offer Car Insurance, Home Insurance and Business and Farm Insurance. But...

• Income Protection How To Save On Your Income Protection Premiums

  To save on your income protection insurance premiums only insure for what is required.

• Insurance What Is New For Income Protection?

  Super funds are now permitted to provide Income Protection Insurance benefits to age 65 due to the government's recent decision. In the past, income protection cover through super was only provided for a maximum of two years.

• Income Protection Income Protection Through Your Super - Pros And Cons

  There are pros and cons to taking income protection insurance through your Super.

• Insurance Pregnancy Premium Waiver For Your Income Protection

  There are a few insurance companies that now have a Pregnancy Premium Waiver Benefit with their income protection insurance policies.

• Insurance Types of Income Protection Insurance Policy

  Income Protection Insurance will provide you with an income if you are unable to work due to long term illness or injury. The premiums payable are based on the type of income protection insurance you choose, so it's important to understand the differences (and advantages) between them.

• Income Protection Income Protection For Small Businesses

  When you run your small business it makes good sense to have income protection insurance, that way you know that you are covered in the event of something happening to you. As your business grows it is essential that you keep updating your income protection insurance.

• Insurance Why Do Females Have To Pay More For Income Protection Insurance?

  Generally speaking, income protection insurance is sold to the main breadwinner and more often than not, that has been the husband, however these days, single parent families means that women are often the main source to the household.

• Insurance Personal Insurance - Most Popular Types In Australia

  Personal insurance became a main type of insurance held by typical Australian families in nowadays. Below you will find the most popular personal insurance offered in Australia.

• Income Protection Income Protection For The Self Employed

  People who are self-employed in particular, may be putting themselves at financial risk by not having Income Protection Insurance. If you are the business and you are unable to work, what income is available to you?

• Income Protection Income Protection Which Includes Redundancy - Don`t Be Misled

  Income Protection Insurance provides a monthly benefit to the person insured in the event that they are unable to work due to sickness, injury or accident.

• Insurance Waiting Period and Benefit Period in Income Protection

  Income protection insurance can provide you with an income if you are unable to work due to sickness or accident. Many policies will cover up to 75% of your salary.

• Income Protection Income Protection Insurance And Tax

  Unlike other forms of personal risk insurance, Income Protection Insurance premiums are tax deductible for most taxpayers. The after tax cost of the cover can therefore be significantly less than the cost of the premium.

• Income Protection Income Protection For Doctors

  As a doctor it is sensible to consider taking out Income Protection from day one of your career, but as it progresses and your responsibilities and liabilities grow making cover even more important.

• Life Insurance NRMA Life Insurance and NRMA Income Protection

  NRMA specializes in Car Insurance, Health Insurance, Home Insurance and Travel Insurance, so there is no such product as "NRMA Life Insurance" or "NRMA Income Protection". But...

• Life Insurance Personal Insurance - Minimise The Risks

  Continuing yesterdays article "Minimise the risks by taking out insurance", let's talk about personal insurance.

• Life Insurance AAMI Life Insurance and AAMI Income Protection

  AAMI specializes in Car Insurance and Home Insurance, so there is no such product as "AAMI Life Insurance" (see update) or "AAMI Income Protection". But...

• Insurance How long could you last without a job?

  If you lost your job would you be able to survive on your savings for more than a month? Don and Bradstreet a debt collecting agency recently conducted a credit survey and found that many Australians were unprepared for financial hardship associated with redundancies and sackings.

• TPD Insurance CommInsure Income Care with TPD option

  Income protection and the optional inbuilt Total and Permanently Disability option. Knowledge is power so maybe this will charge your batteries!

• Income Protection Income Protection Insurance, Cheap Income Protection

  Making sure your not paying too much for your insurance is important, almost as important as having the right type and amount of cover.

• Insurance Things to consider about insurance

  During your lifetime you'll probably take out a number of insurance policies to protect yourself and your family against the risk of loss.

• Insurance Cancer Insurance - Worth Thinking About

  John and Mary typified your average Australian family with two adults and two children. John was a qualified engineer and Mary had only recently returned to the workplace. They were building up their retirement nest egg as they still had some way to go.

• Income Protection Income Protection through the Life Stages

  Income Protection needs will differ depending on individuals and families, but there are certain patterns that are typical of certain ages and stages in one's life cycle.

• Income Protection Income Protection versus Workers Compensation

  Individuals have often questioned the validity of having income protection insurance, especially if their employer provides Workers Compensation cover.

• Financial Planning Income protection - an overlooked insurance option

  It should be clear to every business that its most important assets are not the latest super whiz-bang piece of equipment but its people. While it may be considered straightforward, income insurance can vary to suit needs and budgets.

• Insurance How much insurance?

  Our lives are filled with things that are important to us. Some, like our home, possessions, cars and jewellery, are easily valued. Others, like our family and our lifestyle, are not.