Income Protection Insurance

Income Protection Insurance


Did you know that your income is usually your most valuable asset? Be sure that you could meet your ongoing financial committments if you were unable to work due to illness or injury…

Income Protection provides a financial safety net should you be disabled as a result of illness or injury, and unable to earn your regular income. The monthly benefit is designed to replace a significant portion of lost income to help maintain your usual lifestyle during treatment and recovery. Income protection bridges the gap when you can’t work and helps make sure your family are looked after until you can return to work again.



What about ACC?

Most people understand that ACC will pay you 80% of your income while you are off work as the result of an accident. What most don’t consider is that only 1 in 9 people are off work long term due to accident. The other 8 are unable to work as a result of illness, for which ACC does not cover you.

Unfortunately, as good as ACC is for covering accidents that happen to Kiwi’s at work, what most people don’t understand is that they don’t actually cover you for illnesses such as developing cancer or having a heart attack that could easily put you out of work, and add further stress to your family.

It is important to understand that some Income Protection policies are offset by ACC, which means if you are receiving ACC compensation, this amount would likely be subtracted from the amount that you are insured for.

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