Income protection insurance provides ongoing payments if the policyholder cannot work due to illness or injury. It ensures a steady income stream, helping individuals manage financial obligations while focusing on recovery.
Unlike lump sum payouts, which apply to other insurance types, income protection insurance provides ongoing payments based on the selected benefit period. These payments replace a portion of lost earnings until the policyholder can return to work or reaches the end of the policy’s coverage term.
Income protection insurance is a safety net, helping policyholders cover essential expenses such as rent or mortgage payments, bills, food, medical costs, and family expenses.
Replaces a percentage of pre-tax earnings.
Coverage options range from 1 year to age 65 age.
Payments start after a selected waiting period, typically 14 days to several months.
Benefits continue until recovery or the maximum benefit period is reached.
Available for employees, self-employed individuals, and business owners.
Determine how much income you need to replace.
Review benefit periods, waiting periods, and coverage amounts.
Know what conditions may affect claims.
Submit an application with financial and health details.
Adjust coverage as income or circumstances change.
We simplified the process of securing financial services for individuals and businesses. With access to a wide range of lenders, a commitment to transparent rates, and support from our team of financial experts, we help users save time, protect their credit score, and find the right solutions for their needs.
We simplified the process of securing financial services for individuals and businesses. With access to a wide range of lenders, a commitment to transparent rates, and support from our team of financial experts, we help users save time, protect their credit score, and find the right solutions for their needs.
Vital Insurance Pty Ltd are authorised representative (No.294915/463211) of United Insurance Group Pty Ltd AFSL No.327131.
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Ben Tutton (Authorised Representative No. 294915), Vital Life Insurance Pty Ltd (ABN 45 654 028 878 / CAR 1293254) are Authorised Representatives of Sustainable Life Solutions Pty Ltd (ABN 66 655 297 886 / AFSL 536966).
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