Blog Posts by Rama

  • Income Insurance in Australia Secures Your Income

    Income insurance in Australia is a well worth consideration for people that work, as income cover can pay up to 75% of your income if you are unable to work temporarily due to an injury or illness. Depending on the contract term, will depend on the length of time you receive benefits.

    For instance your contract term could be either two or five years or until you reach the age sixty or sixty five. Income insurance varies and will depend on the amount of cover you have opted for. Income protection insurance is specifically designed to meet the costs of living expenses should you meet with an injury or illness.

    There are two income insurance types, one being agreed value and the other indemnity.

    Superannuation funds can provide an indemnity policy whereby premiums are deducted directly from the insured's account. The most expensive option is agreed value insurance, this type of cover pays out agreed benefits that reflect your income at the time you start your policy, and

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