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Income Protection
What is Income Protection?
Income Protection Provides the insured with an ongoing payment every month.
The monthly payment is equal to a set percentage of your income should you become disabled as a result off accident or illness, and you are unable to work.
Why might you need Income Protection?
Most people rely on their income to meet the day-to-day cost of living including the regular payment of any contractual debt they might have.
So, for the majority of people, the ability to earn an income can be their most valuable financial asset.
Protecting your income helps to maintain lifestyle, avoiding financial hardship brought about by the inability to work. It’s designed to kick in when you are disabled and start to maintain your commitments.
Breathing space.
It provides you with breathing space, allowing you to focus on your recovery.
Income Protection
Peace of mind knowing that your income continues.
General Advice Warning
As an Authorised Representative of OASIS Insurance Pty Ltd, Precise Mortgage is authorised to give General Advice only. We are unable to take into account any of your financial or personal information. You will need to decide on the level of cover you require, and whether the product is suitable for your objectives, financial situation or needs. If you require any further information before making your decision, please refer to the Product Disclosure Statement (PDS) ​ ASIC Authorised Representative 000299992 of Oasis Insurance Pty Ltd AFSL No: 293770 Address: 5/4 Columbia Court Norwest NSW 2153
How much cover is enough?
To help you work out how much cover you need, Moneysmart, a service provided by the Australian Securities & Investments Commission (ASIC), part of the Australian Government provides calculators and impartial guidance on steps to consider to improve your personal finances. To access this valuable service, click on the following link.