Many surgeons are failing to insure their biggest asset – themselves

With years of education behind them, and years of earning potential in front of them, surgeons are a valuable commodity. But why are so few protecting themselves with Income Protection? You’ve worked to give yourself a good income. And your income is going to play a big role in your lifestyle, and that of your […]

Posted on: 17 January 2012 | 12:33 pm

Why people don’t have Income Protection

There are some common reasons why people feel they do not need Income Protection. Their reasons include: –       That they are too young and healthy to need life insurance –       Income Protection is too expensive; –       worker’s compensation will cover them; or –       Their private health insurance will protect them. Too young and healthy to […]

Posted on: 7 November 2011 | 5:31 pm

Reviewing Insurance Requirements

Insurance cover should be regularly reviewed to ensure it continues to be adequate for the insured’s needs. Underinsurance can present a serious problem. Changes in personal circumstances can often necessitate a higher sum insured. Examples of common life changes that affect the amount of insurance including Income Protection, Total and Permanent Disability (TPD), Life Insurance […]

Posted on: 21 October 2011 | 1:20 am

Business Expenses in addition to Income Protection

Income Protection pays an ongoing income stream of up to 75% (generally) of your pre-disability income in the event that you can not perform your usual occupation due to accident or illness. It is important, when finding the right personal insurance package for you, to think about this in the context of your own situation. […]

Posted on: 4 October 2011 | 6:59 am

Comprehensive Income Protection without medicals

There is now a way to achieve a proper Income Protection policy without automatic exclusions, and also without the need to complete medicals. There are ultimately two reasons why an insurance company wants you to complete a medical: –          To ensure that all health conditions that you are aware of are disclosed; and –          To […]

Posted on: 26 September 2011 | 8:50 am

Income Protection for Newly Qualified Professionals – UPDATE

New Professionals Offer It is now possible to apply for up to $15,000 per month on an agreed basis from insurance companies if you are a newly qualified (in the past three years) professional. The maximum amount is dependent on your occupation. While many newly qualified professionals such as doctors, dentists, surgeons, other medical professionals, […]

Posted on: 24 September 2011 | 4:07 am

Income Protection Benefit Period

The benefit period on your Income Protection policy is perhaps the most important features. It is the maximum amount of time that the insurance company will continue to pay your monthly benefit in the event of serious accidents or illnesses keeping you away from your occupation. As there is a partial disability benefit payable for […]

Posted on: 7 September 2011 | 4:04 am

Reasons to review your scepticism for Income Protection

I can’t afford it Many Australians would never fail to insure valuable assets like their house or car, but forget about their most valuable asset of all – their income. To insure the income of a 30 year-old man earning an average salary of $60,000 a year would cost less than $2 per day. That’s […]

Posted on: 29 August 2011 | 4:08 pm