Income protection insurance features and optional benefits

 
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Income protection insurance features and benefits

While some people want basic cover, others want to cover more bases. Income protection insurance can include additional cover to suit your specific needs.

 Premiums are usually tax deductible 
 Tailor your package to suit your family's needs
 Choose from a range of optional covers

 


The income protection insurance policies Choosi arranges direct can provide up to 75% of your monthly pre-tax income, up to $10,000 per month* if you become unable to work due to injury or illness.1 Imagine, at an already difficult time, not having to worry about how you're going to pay the mortgage and household bills – even putting food on the table.

You can adjust your level of cover to suit your circumstances and budget, and include optional benefits to better protect your family against a variety of situations.

What extras can I include?

The table below provides an overview of optional covers that may be available with your Income Protection Insurance policy available direct with Choosi.

Type

Benefits

Rehabilitation Benefits

  1. Assists with the costs of rehabilitation
  2. If you participate in a Rehabilitation Program, you can be reimbursed an additional 50% of your Monthly Amount Insured each month you participate in the program (up to a maximum of six months)
  3. Helps with return-to-work costs, including workstation modifications or special equipment
  4. Only available on a two or five-year benefit period

Homemaker Insurance

  1. Covers a Homemaker partner if unable to perform any of their domestic duties for more than 30 days due to Sickness or injury
  2. Monthly amount paid for up to six months

Children's Insurance

  1. Each insured child can be covered for $20,000 to $50,000
  2. Benefit payment in the event of Accidental Death, serious injury or illness, as defined in the PDS
  3. Cover for Australian Residents aged 2 to 17

Final Expenses

  1. Benefit payment of a lump sum to nominated beneficiaries in the event that you pass away as a result of accidental or natural causes
  2. Can apply for a Final Expenses Insurance Benefit Amount of $50,000
  3. Can assist with funeral and other costs

 

Choosi may offer some or all of these options. Choosi's team of Choosers can help you compare the policies they offer direct, so you can choose the right one for your situation. Request a quote today.

This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the relevant PDS available on this website prior to purchasing any product. Choosi offers insurance products from a range of brands but does not compare all products available in the market. 

* Subject to a maximum of 75% of your monthly pre-tax income at the time of claim.

References  



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