Understanding the Risks
Income Protection Insurance helps reduce the financial impact of illness or injury, so your lifestyle is protected when you’re unable to work. But before you apply, make sure you understand the policy fully so you choose the Income Protection Insurance that’s right for you. That means you need to:
- Make sure you choose the Income Protection Insurance policy that suits your needs and lifestyle, then choose the right Benefit Amount, Waiting Period and Benefit Period. Our friendly customer service specialists would be happy to help you choose – call
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- Before you decide to change one contract or policy for another, check all the Terms and Conditions of each policy. You can do this by reading the Product Disclosure Statement.
- Remember that Income Protection Insurance only protects what you earn – your premiums aren’t savings or investments. So, if you cancel your policy after the 30-day cooling off period, you won’t get any money back, unless you’ve paid more than 30 days in advance.
By choosing your Income Protection Insurance carefully, you can avoid these risks and have peace of mind of mind knowing you and your family’s finances and lifestyle will be safe if you are unable to work due to illness or injury.
To find out more about income protection call us on 1300 665 187 or request a free information pack today.