INCOME PROTECTION INSURANCE
Life is unpredictable and frequently doesn’t go as planned, regardless of where you are in your career—whether you are just starting out, well established, or have achieved much before. By increasing your income, securing your family’s standard of living, and maximizing your wealth. With Income Protection we can help you protect the income you have worked so hard to earn.
What is Income Protection?
The income protection insurance range is an extensive and adaptable benefit that enables you to cover all or a portion of your after-tax income. This coverage can be extended for up to 24 months or for the duration of your whole working life (your targeted retirement age). You can also pay for Rent, Household Expenses, and the Repayment of your Mortgage.
Subject to underwriting, Income Protection gives you the option to expand your coverage for various life phases. We understand that not all levels of coverage are required at every period of your life, so as you advance in years, you could require different levels of Income protection. Other protection for additional income sources or performance bonuses may be included here. Additionally, it extends to provide coverage for specific occurrences such as being temporarily unable to work because of a sickness, injury, or disability.
Does income protection just apply to those who are paid a salary?
Both salaried people and self-employed people can get income security with Income Protection.
As the business’s owner, your incapacity to work and generate income could cause the company to have significant financial difficulties in the near future. You can have added peace of mind knowing that your monthly expenses to keep the business operating can still be covered as part of our supplemental protection, which also includes covering a business’ overhead costs.
How much income protection do I need?
Depending on the effects of your inability to perform your job tasks, your income protection insurance may pay out all or a portion of the predetermined cover amount. This cover quantity is a crucial component of your financial planning and lifestyle security. To determine the proper cover amount, one of our Financial Advisers will consider your particular situation and your unique needs as an individual to determine an appropriate coverage amount. This is often determined based on any existing insurance cover in place, your monthly expenses (including any debt repayments), and the level of income you are looking to protect.
We also recognize how challenging it can be to decide which combination of goods, and how much of each, will work best for you. We don’t do direct sales or have an online quotation tool because of this. We firmly believe that speaking with an impartial consultant who can provide a solution specifically for your needs is the best course of action for all Kiwis.
Where can I get an Income cover or Income Protection quote?
Contact a Strategy Financial Adviser for a detailed quote. They will put up an income cover quote that might be the most appropriate for your circumstances.
To make sure we can provide you with specialized coverage for your needs a Strategy Financial Adviser will do a comprehensive financial needs analysis.
They will also be able to give more information about the advantages, explanations, warranties, costs, restrictions, fees, premiums, or other terms, as well as the risks that may be involved.
If you complete your contact details, we’ll give you a call-back.
Disclaimer
This document’s material does not represent advice from Liberty. This document’s legal, technical, and product details are all subject to change at any time. A list of Lifestyle Protector’s features as of the time of release is provided in this document. The contractual terms and conditions will take precedence over this text in the event of a conflict. Your needs and particular circumstances must be considered in any advice given by your adviser
