Tobin Insurance Services for life, medical, fire, general insurance

Income Protection Insurance

Q: What is most likely your biggest asset that you have to insure?
A: Your future income earning potential.

Arguably Income Protection is the most important personal life insurance that any income earner can purchase. It also has one of the highest rates of probable claim.
Statistics tell us that one in three disability claims will last more than 90 days.

If you are a 35 year old and earn $50,000 per annum, you will earn more than $1.5 million dollars in today's dollar terms by age 65. If you are a 35 year old and own a home, chances are you have your house insured, so why not your income?

Try living without your income and being unemployable due to a disability, that is the risk we all face by not having adequate Income Protection Insurance.

ACC doesn't pay all accident claims. For example, nib reports that 27% of nib's income protection claims are caused by accident and not covered by ACC.

Not only will a good income protection policy pay up to 75% of your gross income to age 65 if need be, but the insurance company can bring in an army of specialists at absolutely no cost to you to help increase the chance of full rehabilitation. All this to help you get better and become a worthwhile contributor to society again after suffering a disability. Having financial peace of mind when you are unwell and unable to work, will assist greatly in helping achieve a speedy and best possible recovery.

Indemnity based income protection polices premiums are tax deductible whether you are an employee or self employed.

Insuring your income is one of the smartest things you can do.

There are choices of stepped premiums that increase with age and level premiums that do not increase as you get older. The younger you are and set your premium at entry at the level premium option means you will save a lot of premiums in the years ahead. This will help keep your insurance affordable and sustainable.

If you are made redundant and you have your health, you are still employable. But if an accident or illness makes you redundant, you better have Income Protection Insurance, or be prepared to leave your dignity at the door at the Work and Income office, which may or may not pay you some basic income.

There are differences between income protection policies in the market place. I can help you decide on the right plan for you. And of course we are there to assist at claim time, if need be, free of charge.

I have assisted clients make successful income protection claims arising from Cancers, Heart Attacks, Brain Tumours, other tumours, Stress and one person falling from a ladder and suffering compound leg and hip fractures.

"The premium is not the problem, the premium is the solution to the problem"

Contact me today to find out how to best insure your income.

Jeff Tobin CLU, ANZIIF (Snr Assoc) CIP.
Chartered Life Underwriter.
Telephone: 09-412 5997

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" Providing Future Dollars When You Need Them The Most"