Income Protection Insurance
Protecting the goose that lays the golden eggs
Undoubtedly the most important insurance decision you will ever make- especially if your goose gets sick or is in an accident.
Income protection provides peace of mind for you and your family by providing a weekly benefit of 75% of your pre disability income to age 65.
If you are unfortunate enough to have a serious illness or accident and don’t have an income protection policy then your lifestyle will more than likely be severely impacted.
An added incentive from John Key is that premiums are tax deductible for employees as well as the self-employed so there can be a substantial tax refund of up to 33% of the cost of the policy at tax time even if you do not use your policy.
Unlike other insurances income protection is a very complex product so it is a good idea to seek the assistance of an expert adviser to help you get the right mix of benefits and options.