|
What if something unforeseen were to happen that would prevent you from working and taking care of your loved ones if you do not have income protection insurance. Is it not a comforting thought to know that you are fully covered with an insurance policy that will fit your lifestyle and provide an income should you meet with an unforeseen illness or accident and you don’t have another income to fall back on. There are income protection options for women who have a full time job, which pays a monthly benefit of 75% of your gross monthly income of which $7 500 is the maximum per month. A mid range level for those that work part time of $75% of your gross monthly earnings of which $4 000 is the max per month and assistance for stay at home moms is maximum $2 000. There are several income protection insurance benefits and features that include death cover, maternity leave, involuntary unemployment, total disability, carer benefit and 10% cash back with pricelineprotects.com.au which will protect women should they find themselves in a situation where they are unable to work due to an accident or illness. Full time income protection insurance pays out the same as your regular monthly pay cheque and will allow you to cover your monthly and day to day expenses. Should you become totally disabled due to an accident or due to a serious illness, your benefits will pay you a variable monthly benefit the first month plus an additional third and from the second month your variable monthly payments will be ongoing. If you die while receiving a claim the death benefit of will be paid out 3 x your fixed monthly benefit to your named beneficiary. If you become unemployed involuntary due to retrenchment or redundancy your premium will be waived for up to three months. In addition your monthly premiums will be waived for a year if you are on maternity or paternity leave. An optional feature which is a great feature for working moms is the Carer benefit which is payable to any one of your nominated children who may become injured or sick and is confined or partially confined to bed rest. This added benefit can be purchased at time of application or after you have purchased an income protection policy and pays out 30% of your fixed monthly benefit. Your loyalty is also rewarded at the end of the third, sixth and ninth year of the policy whereby you will receive a 10% cash back refund of the premiums you paid in, terms and conditions apply. These types of income protection options are ideal for women that are divorced or married.
Related Articles -
life insurace australia, life insurance australia, life insurance online, life insurance quotes online, insurance australia, insurance for women, insu,
|
