Click to Open 

Income Protection

Home/Income Protection

What would happen… if you were sick or injured?

Income Protection2019-05-22T19:12:09+10:00

Protecting Yourself

Prepare for the unexpected

Life Insurance

Protecting you and your loved ones

Income Protection

Create a safety net

Create a Safety Net

If you are unable to work for a certain amount of time because of sickness or injury, you still need to be able to manage your expenses.

Income protection insurance replaces the income lost through your inability to work. If you rely on your income for daily living expenses or loan repayments, then you need income protection.

Income protection policies vary in terms of their definition of disability and range of benefits. They usually offer cover for up to 75% of your gross wages for a maximum time period (e.g. 2 years or to age 60).

Policies can be stepped or level so we can help you decide which is best for your situation. Often your super can include income protection as well. Either way, we can advise you on the best course of action.

Give us some details and we’ll call you

Donna Creates Her Safety Net

One of our clients (let’s call her Donna) recently bought an investment property and realised that the income protection she had within her super was insufficient to cover her income and would only provide a small safety net for a short time.

Better Path investigated a range of different policies that would suit Donna and the industry in which she worked. After careful analysis, our financial advisor was able to find a solution that gave Donna income protection until she retired and that would pay 75% of her income if she became ill or injured.

Key Insight

Income protection gives you a steady source of cash when you’re injured, sick or can’t work. However, unless your income protection policy is tailored to your current health situation and occupation, you may not be properly covered. We can help you create your safety net.


General Advice Warning:
This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Hypothetical scenarios are based on assumptions and are not guarantee of any outcome in the future. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product.

Better Path Financial Planning Pty Ltd is a Corporate Authorised Representative (No. 001265505) of IPraxis Pty Ltd (ABN 39 114 365 007), which is the owner of Australian Financial Service License No: 329337.

Other Advice Warning:
Before acting on any of the information presented here, please seek professional financial advice.