(Source Institute of Actuaries of Australia 2006)
Provides a regular payment, generally each month. It will replace 75% of your usual monthly income when you are unable to work due to an accident or illness. Premiums are generally tax deductible, whilst any claim received forms part of your assessable income.
Cover is generally to provide for family’s lifestyle and meet financial obligations whilst you are unable to work.
Do you have a question regarding insurance?
Call and speak to one of our team on (07) 4151 8898 or fill out the form below and one of our team will contact you.
Sign up for The Money Edge's Money Tips!