Access the Income Protection Insurance Calculator below to receive an estimate for the amount of income cover you may require
Please note this information and calculator is general advice only and does not take into account your needs, objectives or personal circumstances.
Income protection is there to substitute income should a tragedy arise during your career leaving you temporarily impaired unable to work and unable to earn a living. Most policies will pay you up to 75% off your income in exchange for a monthly instalment allowing you to continue to meet your ongoing expenses.
You need to ask yourself if you were left injured or ill unable to attend work hence not producing an income, you will be able to continue meeting your ongoing expenses and if so for how long?
Income protection could mean the difference between keeping your home and losing it, keeping the cars or losing them and much more is at stake. Just think how many times you reach for your wallet or purse every day?
Insurance companies usually don’t pay more than 75% of your income in return because it is firmly believed that there should be a good incentive to get back into the work force and insuring yourself for 100% could turn out to be a very expensive process.
The Income Protection insurance calculator assists in giving you an estimate so you can get started, prioritise and plan. Keep in mind the that the calculator while being a very useful tool it does offer an estimate only and professional advice from an insurance specialist should be sought before making your decision as each person’s circumstances vary.
There are a number of reasons to make use of the calculator some of which include:
We compare all the leading insurance companies to find you the right income protection policy. With flexible cover options and simple processes its easy as 1 2 & 3.