This is arguably one of the most important types of insurance - after all where would you be without your income?
You use your income to maintain a certain living standard, to build wealth and provide for your retirement. How well could you survive without your income for a period of 12 months of longer? Income protection can pay 75% of your salary for a period of time if you're unable to work because of sickness, injury or accident.
Talk to one of our Financial Advisers about Income Protection Insurance. Call 1300 132 982, visit a branch, or if you are short on time, we'll contact you.
How long will I receive repayments for?
The length of time you receive payments depends on the term, for example two years, five years, or up to age 65. It varies depending on the amount of cover you are willing to pay for.
You can choose the waiting period and how the amount of benefit paid will be calculated. Your premiums are generally tax-deductible, depending on your individual circumstances. There are also a variety of additional benefits and features for added protection.
The amount and type of cover you need will depend on a number of factors. Now is a good time to find out and assess what cover you need.
You should consider our Product Disclosure Statements and/or other Disclosure Documents. This information and advice is provided without reference to your personal circumstances so you should consider whether this product fits your objectives, financial situation and needs. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.
If you are receiving advice from one of our Financial Advisers in Western Australia, you will be dealing with Financial Solutions Australasia Pty Ltd ABN 36 008 939 599 AFSL 244 308, a 100% owned subsidiary of Australian Central Credit Union Ltd ABN 11 087 651 125 AFSL/ACL 244 310, trading as People's Choice Credit Union.