Income Protection Insurance protects your most valuable asset, your income, in the event you are unable to work for an extended period of time due to sickness or injury. This cover will provide you with an ongoing monthly benefit of up to 75% of your pre-disability income until you are no longer disabled or your benefit period expires, whichever occurs first.
TAL, one of Australia’s leading Life Insurers and also one of our preferred insurers, has recently published statistics on the breakdown of various illnesses or injuries resulting in Income Protection claims they have paid throughout the past five years. The following charts illustrate this data for males and females up to 65 years of age.
Inccome Protection Claims are notoriously complex with significant expertise being of significant benefity throughout the claims process. If you are having trouble with your claim, speak to an adviser today.