Insurance we cover

Which of these would you say, is your most important asset?

 Income protection insurance is paid because the person who is insured loses the income earning ability due to sickness or accident leading to a partial or full disability.

Sickness or accident are also referred to as illness or injury depending on the exact wording in insurance documents.

Unfortunately, there are several terms used for income protection insurance and sometimes it is a bit confusing when trying to figure out what it is. Here are a few synonyms for income protection insurance:

  • income replacement insurance
  • salary continuance insurance (often when used within superannuation)
  • disability income insurance
  • income cover

In principle, income protection insurance will pay benefits up to a maximum of 75% of your income subject to conditions of the insurance company. This is also available if you are self-employed and can further be combined with small business insurance or key person insurance.

Dudley Wentzel is an Authorised Representative (Number 332920) for Professional Investment Services

A.B.N. 11 074 608 558
Australian Financial Services
Licence No. 234951

Level 14, Corporate Centre
One Cnr Bundall Rd & Slatyer Ave
BUNDALL QLD 4217
PH: 07 5574 0244
Fax 07 5574 3722
Email: info@profinvest.com.au

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The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Professional Investment Services Pty Ltd (PIS) Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither PIS nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.