Secure your way of life with income protection

Help maintain an income when you can’t work, so you can focus on your recovery.

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Benefits of Income Protection

  • Receive recurring monthly payments
  • Maintain your lifestyle even when you can’t work
  • Cover expenses and debt repayments
  • Claim when you’re unable to work due to sickness or injury

Do I need Income Protection?

1) Lifestyle

Could you maintain your lifestyle if you were unable to work for an extended period because of an illness or injury?

2) Sick leave

Do you have an unlimited amount of sick leave available?

3) Your debt

Are you mortgage or debt free?

4) Any financial dependents?

Do you have financial dependents?

5) Financial security

If you have no income when off work with an injury or illness, would you be able to manage without any financial stress?

Looks like you have financial security outside of your income. If you’ve already got Income Protection, you can quickly compare current cover.

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You may want to consider Income Protection for financial peace of mind.

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Learn more about Income Protection

What is income protection?

Income protection cover provides you with a regular monthly payment of up to 75% of your income if you are unable to work for an extended period of time due to illness or injury. Losing the ability to earn an income for any length of time can cause great financial, not to mention psychological, stress. Having financial protection in place can help you maintain the lifestyle you’ve worked so hard to achieve.


Why do I need income protection?

If you’re unable to work due to illness or injury, the last thing you want to worry about is the financial consequences. It’s not a nice thing to think about, but income protection could be a real lifeline if you’re unable to work, especially if you have monthly outgoings such as loan or mortgage repayments, bills or tuition fees.


How much cover is available?

Income protection provides cover for up to 75% of your normal income, until such time as you’re able to return to work – or at the end of the agreed benefit period on your policy.


Will I be covered if I have an existing medical condition?

Insurers generally take into account different personal and lifestyle attributes when considering an income protection application, including your age, height, weight, medical history, occupation, family health history and smoking status.

If you have pre-existing health issues when you apply for cover, you may need to pay a higher premium rate than normal (known as a ‘premium loading’) to cover the additional risk or the insurer may apply an exclusion to that condition or in some cases an insurer could potentially decline the application.


How can I decide which cover type or product is right for me?

At Lifebroker we don’t compare different income protection policies solely on price, we also provide you with a snapshot of the different product features and an overview of each company on size and claims paid. This information can help you make a confident decision about what insurance suits you. Get started with your income protection comparison to find out more. 

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Compare income protection