Do you need income protection insurance?
Income protection insurance should be compared before making a final decision. One of the worst things you can do is to purchase a policy without understanding what you are covered for, and what benefits are offered.
Income protection protects your ability to earn an income, it can provide up to 75% of your income if you suffer from a sickness or accident.
Why compare income protection?
Comparing policies can save you money, but there is one more huge reason why you should compare policies. You can find out whether a certain policy will cover any pre-existing conditions, any past-times, and also what extra claim benefits can be made if you become partially disabled, or fully disabled. Some income protection policies will also pay a benefit for certain injuries acquired, even if you are still able to go to work!
Reasons why you need income protection insurance
- To cover your mortgage repayments or rent if you cannot work due to an accident or sickness.
- If you have only limited savings, and no one else to rely on financially.
- If you are self-employed or run a small business that relies on you being there. If you were unable to work your business income could suffer.
- To cover weekly living expenses, including food, bills, and fuel.
- To help cover medical costs so you can focus on your recovery!
Compare quotes to save more & get better coverage
Contact xLife to compare income protection quotes and find the right policy for you. We compare Australia's top policies and find the best deals to pass onto our clients. A comparison from xLife can save you money and potentially offer better coverage!
Exclusive Offer! Call xLife on 1300 135 205 today and
save up to 20% on your first year's income protection premium.
April 2011
