BSB 805 050

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BSB 805 050

Protect my income

Give you and your loved ones financial security and peace of mind

Why protect your income?

What if?

Many people insure their home, their personal possessions and their car, but fail to insure their most important asset; their ability to produce an income and safeguard future interests.

It’s probably not something you like to think about, but there’s some tough questions you need to ask yourself;

  • If you had an accident or became seriously ill and were unable to work, would you have enough savings or insurance to deal with the financial consequences?
  • If you suffered a major illness and needed extensive medical treatment, time off work or modifications to your home, could you afford these expenses?
  • If you died, would your family or other dependents cope financially?

It's your call

 

 

 

 

 

 

 

Should you take steps to protect your income?

If you lost your income, would you be able to:

  • cover your debts so they’re not passed onto your family?
  • cover medical expenses and short term drops in income?
  • provide an income stream if you can no longer work?

If you're not sure you'll be able to do all these things without an income, it may be time to consider protecting it.

Insurance that fits you

People’s Choice offers a wide range of insurance options that can provide you with the protection you need and our experienced Financial Advisers can help you work out what's best for you.

Income Protection

  • Provides an income when you're unable to work due to sickness, injury or accident
  • Arguably one of the most important types of insurance
  • Income protection can pay up to 75% of your salary for a pre-determined benefit period
  • Premiums are generally tax-deductible, depending on your individual circumstances

Life Insurance

  • Provides a lump sum payment if you die or become terminally ill
  • Paid to your beneficiaries or estate
  • Can be used to pay off debts and provide for your dependents
  • Premiums can be paid through Superannuation to minimise out of pocket expenses

Trauma Insurance

  • Provides a lump sum if you survive for a specified waiting period after some serious medical conditions (such as heart attack, cancer or stroke)
  • Can cover 40+ medical conditions depending on the product chosen
  • Can be used to cover medical and related expenses and top-up lost income
  • Helps relieve financial worries so you can focus on getting better

Total & Permanent Disability Insurance

  • Provides a lump sum if a sickness or injury leaves you totally and permanently disabled and unable to work
  • Not related to any specific illnesses or injury
  • Generally used to cover medical costs and lifestyle changes
  • Ensure financial peace-of-mind in the face of no future income

Your financial future awaits

Best laid plans

You can’t predict the future, but you can plan for it. An important part of safe-guarding your financial future, is planning - and it's never too early or too late to start.

Our Financial Planning team at People’s Choice Credit Union are all duly qualified, skilled and experienced to help you plan and achieve financial success for the long term. They can also help find the insurance products to protect your income now, and into the future, for peace of mind. Enquire online or call 1300 132 982.

Enquire online

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Please call us on 1300 132 982 from 9am - 5pm, Mon – Fri (ACDT) to arrange for a Financial Planner to contact you. Alternatively you can enquire online.

The information above is not intended to constitute financial advice and does not take into consideration your personal objectives, financial situation or needs. Before deciding whether a financial product is appropriate for you, you should obtain and consider the Product Disclosure Statement (PDS) for the product, and all other relevant documents, and consider obtaining financial advice. You can speak with a People’s Choice Financial Planner to obtain further information, financial advice or copies of the PDS for any financial product we distribute or make available. Contact us on 1300 132 982, or email fpsupport@peopleschoicecu.com.au to make an appointment.

People’s Choice Credit Union, a trading name of Australian Central Credit Union Ltd ABN 11 087 651 125 (People’s Choice), acts under its own Australian Financial Services Licence (AFSL 244310) and Australian Credit Licence (ACL 244310). In Western Australia, our Financial Planning is provided through Financial Solutions Australasia Pty Ltd ABN 36 008 939 599 AFSL 244308 (Financial Solutions), a wholly owned subsidiary of People’s Choice. Financial Solutions is not an authorised deposit-taking institution and its obligations do not constitute deposits or liabilities of People’s Choice and are not guaranteed or supported by People’s Choice.

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