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Not many people take the time to think about what their greatest assets are, and in most instances people would consider their car or house to be their major assets. Assets such as these would be nonexistent without earning an income of which is your first and foremost greatest asset. If you were unable to work for a certain time period due to an accident or serious illness, would you and your family be able to survive your basic living expenses and would you be able to meet your debt and mortgage payments. Even though you may have savings, income protection cover will provide you with 75% of your gross income, which includes benefits of $5 000 monthly. You won’t have to compromise your assets such as mortgage, education fees and day to day living expenses should you not be able to earn an income due to illness or an accident. You can now obtain affordable cover for around $2.95 a week and in addition you also get to choose your waiting period which can be 6, 12 or 24 months, income protection insurance Australia requires no medical or blood tests, and you can apply directly online or over the phone by completing the online application and submitting it directly. In order to keep your monthly premiums low, there are certain inclusions that apply. Mental disorder, war sustained injuries and illnesses, alcohol or drug related illnesses as well as self inflicted injuries are included in these inclusions. If you are the breadwinner and your family relies on your monthly income, then securing your income with an income protection plan will ensure you won’t face financial hardships should you cease earning an income due to illness or an accident. Australian statistics have revealed that one out of every three people living in Australia will become disabled during their working career for around two or more months. It is now easier than even to obtain income protection as there is a wide range of flexible plans that include monthly, fortnightly, quarterly and annual payments. To find out if income protection is suitable for you as well as find out more information on this product, go online today and read up on the product disclosure statement which will provide you will all the relevant information and answers required. Your questions will be answered in simple terms with regards to income protection, which means you know exactly where you stand and what you are getting. If you are employed part time or over the age of fifty, you have the option to apply for a $3000 maximum cover per month. Secure your income today, apply for income protection cover.
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