Income Protection - How it Works

Income Protection provides a monthly income if you are unable to work due to sickness or injury. The policy pays a percentage of your income to protect you and your family from the financial consequences if you can’t work and are unable to earn.

The average working person will earn in excess of $2 million in their lifetime. No one likes to think about the financial consequences suffered from a serious illness or disability causing a prolonged time off work. With Income Protection Insurance you can protect your lifestyle and financial future. 

Wait Period - The monthly payments begin after the ‘wait period’. You can choose your wait period (30, 60 or 90 days).

Benefit Period - The monthly payments continue until you return to work or your payment period ends. You can choose your benefit period; two years, five years, or to age 65 or 70.

The details of each policy may differ from provider to provider which is why it is important to compare.

Features

- Pays a monthly amount based on your income
- Worldwide Cover
- Partial Disability Benefit
- Benefit Linked to Inflation
- Recurrent Disablement Benefit

Need More Information

If you would like more information or have any questions send us an email at info@comparenow.co.nz or give us a call. We can provide helpful information that allows you to compare the features and benefits from New Zealand’s leading insurance providers.