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.