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What would happen if you were off work for an extended period of time due to illness, sickness or injury?

How long would your sick-pay, holiday pay last and is the "benefit" going to be enough?

ACC will only cover an accidental injury - Is this an acceptable risk to you?

Your solution is to get Income Protection Insurance now before you are placed in that situation.

Ask us now

The financial consequences of being unable to work could be devastating for your lifestyle and those that depend on you.  An average person earns in excess of $1.5 million throughout a working lifetime.  A prolonged absence from work or a return to work in a reduced capacity could have a severe impact on your financial security.

There a a range of Income Protection plans with different features and additional options that allow you to customise the products to suit your individual circumstances.  You are considered disabled when you are under the regular care of a doctor and because of your disability you are unable to work in your own occupation for 10 hours per week and are not working.

Premiums are based on your age, sex, smoking status, occupation, whether or not you are self-employed, the composition of your plan (waiting period & benefit period) and the level of benefit that you choose.

Options

Choose Indemnity Value:

Receive up to 75% of your pre-disability income can be insured if you select this benefit.  

or Choose Agreed Value:

The level of benefit with this option is determined when you take out the policy by averaging out your earnings over the past three years.  You can apply for a benefit to a maximum of 55% of this amount.  

Choose your Waiting Period:

There is a minimum 2-week waiting period before your benefit starts on both types of plan.  As individual circumstances such as sick leave entitlements and savings vary from person to person - also offered are 4 week, 8 week, 13 week, 26 week, 52 week & 104 week waiting period options.

Choose your Benefit Period:

You can select to a benefit period option from 1 year, 2 years, 5 years or to age 60 or 65 or to age 70.

If you are not in paid employment you can still apply for Income Protection.  However to be considered disabled you must be unable to perform at least two the five activities of daily living.

NOTE - The benefit that you receive on some income protection plans will be offset against other income sources like ACC and other benefits that you may be receiving as a result of your illness, sickness or injury.

Different plans have different features and options.

Contact us and we can evaluate all the options to find a product that fits your situation at a price that fits you.