Income protection

Safeguard your biggest asset

Your ability to earn an income is your most valuable asset. In the event of an accident, illness or major trauma, income protection insurance is designed to cover your ongoing expenses and ensure that the event is not more distressing than it needs to be. Our certified financial planners in eastern Sydney and northern Sydney can help you to set up your income protection effectively.

Typically, income protection insurance pays up to 75 per cent of your income in a monthly benefit. The length of time you receive payments depends on the contract term of your coverage. If you are unable to return to work, your coverage can pay up to age 65, depending on your occupation and type of policy.

Income protection can be particularly relevant to a young single person without dependents who is therefore less likely to need life insurance but has debt and ongoing financial commitments to meet.

Deciding the best income protection insurance for you

StrategyOne financial planners can help you consider your total living costs, including:

● meeting mortgage repayments and other debts
● providing for your family and other dependents
● maintaining your assets and investments

Our independent financial advice will take into account your current situation and how best to approach your income protection. Insurance costs, terms and conditions vary greatly and there are an increasing number of plans that makes choosing the right insurance coverage difficult.

There are many factors that contribute to the cost of your cover – not just the amount of income that is covered. Your StrategyOne skilled financial planner will consider the waiting period, period of cover, as well as premium structure and help to determine a level of cover that suits your budget as well as provides the comprehensive cover with a reputable insurer that is here for the long term to provide you with premium protection for your income and for your family.

We give you the power to take control of your finances

Many discover what’s not covered by their income protection policy too late, including how much will be paid after a claim, and the real cost of their premiums over time. A StrategyOne financial planner can help you navigate these issues, and more.

We can explain issues such as index-linked premiums, offset clauses, non-cancellable policies, and Guaranteed Future Insurability which may allow you to increase your level of cover without further underwriting.

The wealth protection advice we provide will explain these situations in detail, in a way that you can understand. This gives you the power to make your own decisions and take control of your finances.

Let us help you choose the right level of income protection to ensure your responsibilities can be met in the event that you are no longer able to work. Contact our team of certified financial planners in Potts Point and Chatswood to book a free exploration session today.

General advice warning:

Any advice on this site is general nature only and has not been tailored to your personal objectives, financial situation and needs. Please seek personal advice prior to acting on this information. Any advice on this website has been prepared without taking account of your objectives, financial situation or needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your objectives, financial situation or needs.

Our FSG is an important document which provides information about us in order to help you decide whether to use our financial services and we encourage you to read the full FSG.

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