Income Protection
Income Protection allows you to cover your expenses and maintain your lifestyle if you are unable to work for several months, a year or longer.
Premiums are tax deductible.
According to recent studies, 83% of Australians have car insurance1 , but only 31% have income protection2. What is more important, your ability to drive or your ability to generate an income?
We all know how important a regular income is in maintaining our lifestyle and of those close to us. What really are the chances of having that taken away from us?
What are the Chances?
| A car being stolen and not recovered? | 1 in 9093 |
| Having to claim on a home &/or contents policy? | 1 in 134 |
| Becoming disabled for more than 3 months before age 65 and having no income? | 1 in 35 |
| Suffering from cancer before the age of 75? | 1 in 3 for men, 1 in 4 for women6 |
Most people would not think twice about insuring their home and car. However, many have not even considered protecting their most important asset, themselves.
At Austbrokers Countrywide we believe that through advice you will achieve the best possible outcomes. We have a strategic partnership and referral arrangement with Countrywide Advice to provide professional advice for our valued clients in the areas of:
- Personal Insurance:
(Term Life; Total & Permanent Disablement; Critical Illness and Income Protection Insurance) - Business Insurance:
(Keyperson & Partnership Protection Insurance) - Superannuation:
To contact the Countrywide Advice Team please click below.
1 AAMI Fact Sheet, Shopping for Car Insurance, September 2008
2 TNS/IFSA Investigating Income Protection Insurance in Australia July 2006
3 Statistics from the National Motor Vehicle Theft Reduction Council – 12 months to June 2010.
4 Insurance Statistics Australia June 2010.
5 Calculations based on data of individual disability income insurance sold by Australian life offices, Institute of Actuaries of Australia 2002. Report of the Disability Committee. IA Aust: Sydney.
6 Cancer Institute NSW ‘The Cancer in NSW Incident and Mortality Report’ 2007.
7 This figure is based on a 25 year claim, adjusted for inflation at 3% each year.