Who needs Income Protection Insurance?
Whether you’re single or supporting a family, Income Protection Insurance is essential protection to protect your lifestyle when you can’t work due to illness or serious injury.
Any Australian resident aged between 18 and 59 in paid employment can apply for Real Income Protection Insurance – even part timers. You just need to be working at least 20 hours a week and have been doing so for at least 12 months before your Policy starts. If you don’t have a job or work under 20 hours a week, Bill Cover may be better for your needs.
If you’re supporting a family and your partner is not working, you can also add Homemaker Insurance to your Income Protection Insurance. Homemaker Insurance helps cover the expenses of household duties if a stay-at-home partner is ill or injured and can’t work. This will help take care of expenses such as cooking, cleaning and childcare.
You can even add Children’s Insurance to your Real Income Protection Insurance Policy to make sure you’ll be able to cover any expenses and treatment if your children get seriously ill or injured.
Applying for Real Income Protection Insurance is simple. There are no medical or blood tests, and no need to provide proof of income when you apply. If you ever need to make a claim, simply show evidence of your income over the preceding twelve month period at the time you got sick or injured.
Call 1300 665 187 to learn more.