Mortgage or rent
Help continue meeting housing costs while your regular employment income is disrupted.
INCOME PROTECTION INSURANCE
Protect the income your life depends on.
Income Protection Insurance can provide regular payments if illness or injury prevents you from working, helping you continue meeting everyday financial commitments.
We compare options from 11 leading insurers and help you understand differences in waiting periods, benefit periods, policy definitions, features and cost.
Replace part of your income
Receive regular payments if a covered illness or injury prevents you from working.
Choose how your cover works
Waiting periods and benefit periods can be selected from available policy options.
Compare policy details
Understand how definitions, features, exclusions and premiums differ between insurers.
HOW IT WORKS
What is Income Protection Insurance?
Income Protection Insurance is designed to provide regular payments if you are unable to work because of illness or injury and meet the policy's definition of disability.
Rather than paying a single lump sum, Income Protection generally replaces a portion of your income for the period you remain eligible for benefits, subject to the terms and limits of your policy.
This can help provide financial breathing room while you focus on your health and returning to work.
WHAT IT CAN HELP WITH
Keep everyday finances moving while you recover.
Your income often supports far more than your day-to-day spending. Income Protection can help you continue managing regular financial commitments if illness or injury interrupts your ability to work.
Household expenses
Support everyday costs such as utilities, groceries, transport and other regular bills.
Family commitments
Help maintain financial commitments that continue even while you're away from work.
Recovery time
Reduce some of the financial pressure of needing to return to work before you're ready.
HOW YOUR COVER IS STRUCTURED
Choose how your Income Protection is structured.
The amount of income covered, how long you wait before benefits begin and how long payments can continue are key decisions when comparing Income Protection.
Up to 70% of your income
Income Protection can cover up to 70% of your income, subject to the insurer's policy terms, income assessment and maximum benefit limits.
30, 60 or 90 day waiting periods
Your waiting period determines how long you need to be unable to work before benefits become payable. Common options include 30, 60 or 90 days.
2 years, 5 years or to age 65
Your benefit period determines how long payments can continue while you remain eligible. Common options include 2 years, 5 years or to age 65.
WHO CAN INCOME PROTECTION HELP?
Cover for a wide range of occupations.
Income Protection can be available across professional, trade, healthcare, sales, management and self-employed occupations. Your occupation can affect the cover available, premium and underwriting terms, which is why comparing insurers can be important.
Professionals
Accountants, lawyers, engineers, consultants and other professional occupations.
Trades
Electricians, plumbers, builders, carpenters and other skilled trades.
Healthcare
Doctors, nurses, allied health professionals and other healthcare workers.
Management & Sales
Executives, managers, sales professionals and business development roles.
Self-employed
Business owners, contractors, consultants and sole traders who rely on their own income.
Different jobs can receive different terms.
Insurers assess occupation differently. Some roles may attract different premiums, benefit limits or underwriting terms, so comparing options can make a meaningful difference.
DID YOU KNOW?
You may still be able to work while receiving an Income Protection benefit.
Income Protection is not always an all-or-nothing benefit. Some policies can provide a partial disability benefit if you return to work in a reduced capacity and your income remains lower because of your illness or injury.
The amount payable and eligibility requirements vary between insurers and policies, which is another reason the policy definition matters when comparing cover.
Income Protection can support both time away from work and a gradual return to work.WHY PREMIER WEALTH PROTECTION?
Income Protection policies can differ in important ways.
We help you compare more than the monthly premium, including how the policy works, the available structure, definitions and underwriting requirements.
Advice, not just a quote
We help you understand the available options and how different policy structures work.
Compare more than price
Waiting periods, benefit periods, definitions, exclusions and features can differ between insurers.
Support through underwriting
We help coordinate the application and underwriting process and keep you informed along the way.
Support after the policy starts
We can assist with ongoing reviews and help you navigate the process if you ever need to make a claim.
DIFFERENT WAYS TO ARRANGE COVER
The way you buy insurance can affect the experience.
Buying from one insurer
You deal directly with the insurer and assess the available product yourself.
Comparing products
Comparison tools can help you see options, but may not provide the same level of support through underwriting or ongoing policy management.
Advice + comparison + support
We help you understand and compare available options, assist through underwriting, and remain available after the policy has commenced.
THE PROCESS
From quote to cover.
Tell us about your needs
We gather information about your income, occupation and the type of protection you're considering.
Compare options
We help you compare available insurers, premiums, waiting periods, benefit periods and policy features.
Apply with support
We assist with the application and underwriting process and help coordinate insurer requirements.
Ongoing support
We remain available for policy reviews and to assist if you ever need to make a claim.
INCOME PROTECTION FAQS
Common questions about Income Protection.
What does Income Protection Insurance cover?
Income Protection is designed to provide regular payments if illness or injury prevents you from working and you meet the policy's definition of disability. The circumstances covered, definitions and exclusions vary between policies.
How much of my income can Income Protection cover?
Income Protection generally covers a portion of your income rather than replacing all of it. The amount available depends on the insurer, your income, policy terms and applicable benefit limits.
What is a waiting period?
The waiting period is the period you must satisfy before benefit payments begin. Available waiting periods vary between insurers and policies and can affect the premium.
What is a benefit period?
The benefit period is the maximum period benefits can continue while you remain eligible under the policy. Available benefit periods vary by insurer and product.
Can Income Protection be held through superannuation?
Income Protection may be available personally or through superannuation. The features, ownership structure, access requirements and tax treatment can differ, so it is important to understand how the cover is arranged.
What happens if I need to make a claim?
A claim generally involves providing information about your medical condition, work capacity and income. The insurer will assess the claim against the policy terms. Premier Wealth Protection can assist you in navigating the claims process.
This information is general in nature and does not take into account your personal objectives, financial situation or needs. Product availability, definitions, benefit limits, waiting periods, benefit periods, exclusions and eligibility criteria vary between insurers and policies. Refer to the relevant Product Disclosure Statement and policy documentation for full details.
READY TO GET STARTED?
Protect the income that keeps life moving.
Request a quote and compare Income Protection options from leading Australian insurers.