Very few people realise just how beneficial income protection insurance is until the point where they are unable to work. Imagine this situation, you fall ill or suffer an accident which stops you from being able to work. This means that you have absolutely no income coming into your household, and unless you have a lot of savings it means you aren’t going to be able meet necessary bills such as mortgage payments and loan repayments. In short, you are going to be in quite a pickle. Don’t worry though, there is a way out of this, and that is to get an income protection quote.
So what is income protection insurance? Well, it is a type of insurance that pays out your income should you be unable to work due to sickness or injury. When you carry out an income protection compare you will be given a number of rates. This will let you know how much a percentage of your salary you can claim when you take out your insurance. The maximum limit will be around 75%, but of course that is going to depend on the amount you can afford to spend on the insurance each month and how large your salary is. These payments will continue up until the point when you can return to work. It is worth bearing in mind however that when you take out income protection insurance there will be a minimum waiting period before you can start to benefit. In Australia anybody aged between 18 and 64 is able to apply for the insurance.
So why should you look for an income protection quote online? Well, the rates tend to be much cheaper than if you phone up the various insurance companies, and this of course is going to save you a heap of cash. In addition to that, you are able to compare multiple insurance providers quickly and easily which means you will instantly be able to see who is going to provide you with the best rate. Make sure you compare them before looking for more info to see the benefits that can look forward to with that particular insurance.
Getting your income protection quote is incredibly simple. All you need to do is fill in the short form on this page and you will be greeted with a couple of quotes which meet your needs in a matter of seconds. After that, all you need to do is read through all of the quotes, decide which one is going to be best for you and get in touch with the broker. Honestly, when you carry out an income protection compare through our website you will be in line for the best possible rates.
What are you waiting for? Why not apply for your income protection quote today and be safe in the knowledge that if you cannot work for any reason all of your payments are going to be met until you get back up on your feet again.