Income Protection Cover
with Horizon Wealth Advisory
When it comes to protecting the best interests of yourself and your family, it is vital that you invest in income protection cover. If you find yourself out of work for an extended period due to illness or injury, coverage allows you to still earn up to 70% of your income. This helps to reduce financial pressure and covers living expenses, so you and your family are still able to continue with your regular lifestyle while you are out of work.
At Horizon Wealth Advisory, we take the time to get to know you, your family, and your situation to determine if income protection insurance cover is right for you. Our services are especially beneficial for those that are self-employed or own a small business, have family members that are dependent on your income, or have a debt or mortgage that you need to make regular payments to.
If you’re ready to speak with our Brisbane financial advisors, give us a call on 1300 351 716, send an email to info@horizonwa.com.au, or reach out through our contact page.
How Does Income Protection Cover Work?
Whether you are out of work due to an injury suffered on the job, or you have been struck down with an illness that prevents you from working, income protection insurance cover makes sure you are protected. This payment is given monthly, with the amount dependent on your circumstances and the plan you signed up for. How long you receive the payment for is also dependent on these conditions.
These payments give you the time you need to rest and recover, comforted that your family and your bills are still being taken care of. When you first contact us, our wealth advisors will ask you the right questions to best understand your situation and determine the right income protection cover for you. We will also discuss any potential benefits you may be eligible for based on your situation or the illness or injury suffered.
What Isn’t Covered by Income Protection Insurance Cover?
- Pregnancy
- Self-harm
- Injuries or illnesses caused by alcohol or drug use
- Unadvised overseas travel
- Criminal activity
- Injuries or illnesses sustained while in jail or while lawfully detained
- Injuries or illnesses caused by acts of war or terrorism
What Are the Benefits of Income Protection Cover?
The most obvious benefit of signing up for coverage is the peace of mind that it gives you knowing that your income is safe if you ever become unable to work. Many Australians worry how they will be able to provide for their families if something were to happen to them, but with our services, both you and your family will be taken care of. As your monthly payments can reach up to 70% of your income, your financial lifestyle will only be slightly disrupted during this period.
We understand that everyone’s situation is different, which is why we offer options for coverage to suit your lifestyle. That’s why we allow you to choose the waiting period and the benefit period that best aligns with your financial needs, so you are only receiving the coverage that you desire. Since your premiums are directly related to your work, you may also be able to claim them as tax deductible to better assist your financial situation.
Sign Up for Income Protection Insurance Cover Today!
At Horizon Wealth Advisory, we are the personal insurance broker dedicated to helping Australians protect their income no matter what unpredictable turns life takes. As your trusted partner in securing your finances, we’ll make sure you and your family remain looked after no matter what.
Access our contact page, send an email to info@horizonwa.com.au, or give us a call on 1300 351 716 to speak to our financial advisors about the right coverage for you.
Frequently Asked Questions
Is Income Protection Insurance Worth It?
When debating whether investing in income protection insurance is worth it, the question you need to ask yourself is whether you can afford NOT to invest in coverage. Life is unpredictable at the best of times, and we never know what tomorrow might bring. By applying for income protection, you will be ensuring your finances, and your family, are protected no matter what.
What is the Purpose of Personal Insurance?
We purchase insurance for things like our house, our cars, and even our pets, so why wouldn’t we invest in insurance for ourselves? Your body is your most important asset, and if something happens to you, it can have major ramifications for your life and those of your family. That’s why we’re on your side to make sure you are taken care of even if you suffer an injury or illness that prevents you from working and putting food on the table.