Comminusre Income Care

Income care cover through CommInsure may replace up to 75% of the insured’s income as well as up to 15% of their superannuation contributions if they are unable to work.

CommInsure’s income protection cover will pay out up to 75% of the policy holder’s income, as well as up to 15% of their superannuation contributions should the insured be unable to work due to a serious injury or illness.  In addition, the premiums paid into this plan are tax deductible, depending upon the insured’s specific circumstances.

The company offers four types of income care products. These include:

• Income Care Plus – This is a comprehensive income protection plan whereby a full range of benefits and features are offered to the insured
• Income Care – The Income Care policy offers a basic income protection cover, minus several of the ancillary benefits, at an affordable premium price
• Income Care Super – This option offers the insured basic cover where the life insurance policy holder may insure up to 75% of his or her income, with the premiums for the policy being paid via super money
• Business Overheads Cover – With the Business Overheads Cover the insured may cover the fixed costs that are associated with running his or her business operation whilst they are totally disabled

Policy holders who own a CommInsure Income Care policy are able to choose their amount of benefit payment period, their waiting period, and the amount of income that they would like to insure (within the maximum and minimum policy amounts).