Income Protection Insurance Quotes
Unlock the power of comparison to find top-quality income protection options from Australia’s leading insurers.
What is Income Protection Insurance?
When you're unable to work due to sickness or injury, Income Protection Insurance may provide financial security by covering up to 70% of your lost income. It's there to support you with a monthly benefit that can help you to maintain your lifestyle, pay the bills, and take care of your family’s needs. Here, it is important to note that income protection benefits only start to accrue if the sickness or injury results in you being off work for longer than the waiting period set out in the policy document or PDS, and no benefits are paid for being off work during the waiting period.
Why Compare Income Protection Insurance Quotes?
When it comes to protecting your income, there are advantages to comparing multiple quotes.
- Each insurer has its own benefits and features, allowing you to find a policy that fits your needs.
- Make an informed decision by comparing all the benefits and features.
- Get access to competitive premiums for your budget.
- Access quotes anytime, anywhere, at your convenience.
Getting an Income protection insurance online quote with Lifebroker gives you a comparison of comprehensive options from some of Australia’s leading insurers, in one place. Choose from fully featured policies and tailor it to your income, needs and budget, directly from us rather than a financial adviser.
And if you need help decoding the features or price of the policies you’re considering or want to adjust the options to better suit your needs, our team of insurance experts can help with that too.
How to Get Income Protection Insurance Quotes with Lifebroker
- Enter your contact details: Help us understand your needs by providing a few necessary details to get started.
- Compare Quotes: Sit back while we gather comprehensive policy options from leading Aussie insurers, just for you.
- Choose with confidence: Review the quotes presented and pick just what you need, tailoring your policy to suit you.
- Talk to an expert: You can speak with one of our expert insurance consultants at no extra cost to you if you happen to need some more support. Give one of our consultants a call Monday-Friday from 9am-5:30am (AEST).
Tips for Choosing the Right Income Protection Insurance
Choosing between income protection insurance quotes may seem like a big task but fear not—we've got you covered! Here are some important factors to consider when deciding on the cover that suits you.
- Cover limits: Check the maximum benefit amount for each policy to ensure it is adequate to maintain your lifestyle needs if your health takes a turn. Not sure how much cover to compare? Start by trying out our handy income protection insurance calculator.
- Waiting periods: Understand how long you’ll need to wait from the date you’re unable to work before receiving benefit payments. Usually, the longer the waiting period you select, the lower your premiums will be. You might want to choose a waiting period in line with your financial circumstances and ability to cover short-term expenses.
- Premiums: Evaluate the cost of premiums and ensure they fit within your budget. While affordability is of course important, remember to strike a balance with the cover and benefits provided. Some insurers may offer discounted premiums when you pay annually, so keep this in mind when you’re comparing policies.
- Flexibility and additional benefits: Look out for policies that can adapt to your changing needs and offer extra benefits like rehabilitation support to help you get back to work sooner or the ability to pause premiums if you need help during times of financial difficulty or are on long-term leave.
We’ve got your back
Our team of insurance experts is here to guide you through the process if you need a hand. So you can rest easy knowing you have the right policy that offers the protection your income, and your family deserves.
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