Income Protection Insurance Options

Income Protection Insurance Options

Income protection insurance is one way of helping you secure your income against the possibility of being out of work for an extended period of time, due to sickness or injury. However, it can offer far more than just standard income protection cover, as with many of the products available you can add optional extras for even more peace of mind.

Rehabilitation Benefits

A Rehabilitation Benefit is an additional benefit paid on top of your regular income protection benefit, to help cover the costs of getting you back to work. It can help not only with the cost of your rehabilitation program, but also any additional return-to-work costs, like special equipment or workplace modifications.

Depending on which product you select, this option is generally available if you choose a two year or five year benefit period.

Homemaker Insurance

Often times, families rely not only on the income of the breadwinner, but also the domestic contributions of the homemaker to ensure a happy home. The Homemaker Insurance option covers your partner if they're unable to perform their usual domestic duties for more than 30 days due to sickness or injury. A Homemaker Benefit of either $500 or $1000 can be paid per month, for up to six months, to help cover the cost of domestic chores and keep your home running smoothly.

Children's Insurance

While we may not like the thought of our children getting seriously ill or dying, the Children's Insurance option provides cover for just such a possibility. Generally the cover provided through products on this site will provide cover if your child is aged between two to 17 years old and you can cover them for a range of serious injuries or illnesses. The children's benefit could start from $20,000 and up to $50,000 and can help you cover medical expenses and school tuition costs should your child be involved in an unfortunate event.

Final Expenses

The Final Expenses option provides a benefit of $50,000 cash to help cover your funeral and other end-of-life costs. The benefit is paid to your family in the event of your death by accident or natural causes. This option is a thoughtful consideration towards your family, ensuring that you leave a legacy, rather than a financial burden, behind when you pass on.

Compare income protection insurance today

With so many options and benefits to choose from, income protection insurance should be a consideration for you to secure your financial future and peace of mind.

Protect your family today by comparing income protection insurance with Choosi.

Need Help Choosing? Call 1300 884 384

8am to 10pm (EST), Mon to Fri.

Our team will be happy to help.

  
 

These articles are provided as reference material to allow more informed decision making, but are not intended as being a complete source of information on any topic. All readers should make their own independent analysis on the topic to make sure they have considered the aspects that are important to them.

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Choosi Pty Ltd (ABN 15 147 630 886) offers insurance products from a range of Australian brands. Choosi does not provide information, or offer cover, for all products available in the market and there may be aspects to some products that we do not compare. Choosi is not an insurer and cover is issued by various underwriters. Your use of this website is undertaken in accordance with the full Terms and Conditions.

Choosi is owned by Hollard Financial Services Pty Ltd (ABN 53 128 692 884), the distributor of each pet insurance, life insurance, income protection insurance, funeral insurance and final expenses insurance policy Choosi is able to arrange directly for the following brands: Australian Seniors Insurance Agency, Guardian Insurance, Prime Pet Insurance, Real Insurance, RSPCA Pet Insurance and Woolworths Insurance. Choosi is also a related company of The Hollard Insurance Company Pty Ltd (ABN 78 090 584 473 AFSL 241436), the issuer of each pet insurance product Choosi is able to arrange directly. Information on this website does not take into account your personal objectives, financial situation or needs. You should consider the relevant Product Disclosure Statement (PDS) for more information and to ensure the product suits your needs. The PDS for each of the pet insurance, life insurance, income protection insurance, funeral insurance and final expenses insurance products sold through Choosi and our advisor partner are available through this website. Health Insurance products are not required to have a PDS, but this website has a Fact Sheet for each Health Insurance product Choosi is able to arrange.

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Phone: 1300 884 384