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Protect Your Income with Comprehensive Income Insurance

Income Insurance (also known as Income Protection Insurance) ensures that your financial security is maintained if you’re unable to work due to illness, injury, or unexpected events. With flexible options and tailored coverage, our policies offer peace of mind for you and your family by protecting your income and financial future.

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Understanding Income Protection Insurance and Its Benefits

Income Insurance protects your income if you’re unable to work due to illness or injury. This type of insurance replaces a percentage of your regular income, helping you cover expenses and maintain your lifestyle until you’re ready to get back to work. Even if you already have some form of coverage through your superannuation, Income Protection Insurance often fills in the gaps, ensuring that your income stream continues during your recovery.

Comprehensive Income Protection Insurance for Australians

Income Protection Insurance provides a tailored solution for your financial security when life’s uncertainties strike. With flexible cover options, your plan can be customized to match your specific income level and recovery timeline. Whether you’re self-employed, employed, or managing a family, our expert advisors ensure that your insurance covers all your unique needs.

Details of Coverage and Benefits Offered

We’ll walk you through the options that best fit your situation,

Easy & Quick Online Application Process

We make it easy to apply for the right coverage – get online with one of our Safety Nest Advisors. 

Tailored Solutions for Different Professions

Specialised plans available for doctors, lawyers, and business owners. Self employed and even if you are currently insured.

Protect Your Income with Comprehensive Insurance Coverage

Income Protection Insurance provides you with financial stability during illness or injury, giving you peace of mind and allowing you to maintain your lifestyle.

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How to get started

Follow these simple steps to book a consultation call and get started with protecting your future. Our team of experts will guide you through the process and ensure you have the coverage you need.

No Obligation Online Consultation

Schedule a consultation call with one of our experienced insurance advisers over Zoom

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Personalised Recommendations

Based on your unique needs, we’ll provide personalised insurance recommendations.

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Application & Underwriting

Our team will assist you with identifying an appropriate insurance solution and handle the application process and guide you through underwriting.

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The Importance of Income Protection Insurance

When you can’t work due to an injury or illness, your income may be one of the first things impacted. Income protection insurance is essential to ensuring that your financial obligations, such as mortgage payments, daily expenses, and bills, are covered while you recover.

70%

70% of Australians underestimate the financial impact of long-term disability, often leaving them underprepared if illness or injury prevents them from working.

 

1/3

Australians will need to take extended time off work due to a serious illness or injury during their working life, highlighting the critical need for income protection.

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I couldn't be happier with the service provided by Safety Nest. They made the process of getting insurance easy and stress-free.

Zoe Goodhardt

Head Of Growth & Marketing, TAG

Secure Your Family's Financial Future

Book a no-obligation consultation at your convenience, and let us handle your insurance questions. Our advisors are here to guide you through every step of the process.

FAQs

Find answers to common questions about insurance consultations and policies.

What is income protection insurance?

Income protection insurance provides a safety net by replacing a portion of your income if you’re unable to work due to illness or injury. This ensures that your essential bills and financial obligations are covered while you recover.

Typically, income protection insurance covers up to 75% of your pre-tax income. The exact percentage will depend on the policy you choose, and it’s important to understand the terms that apply to your specific coverage.

The length of time you can receive income protection benefits depends on your policy. Some policies provide cover for a set period, such as two years, while others offer benefits until you reach retirement age, depending on your circumstances.

Even if you have other forms of insurance, such as life insurance or trauma cover, income protection can be essential because it directly covers your income. This helps with day-to-day living expenses that other types of insurance may not address.

Most policies have a waiting period that can range from 14 days to 90 days before you start receiving payments. You can choose a waiting period that suits your needs when setting up your policy—shorter waiting periods generally result in higher premiums.

Yes, the premiums you pay for income protection insurance are generally tax-deductible if the policy is taken outside of your superannuation. It’s a good idea to consult with a tax professional to understand how this applies to your personal situation. 

Yes, many income protection policies allow you to adjust your coverage if your income changes. It’s essential to review your policy regularly to ensure your coverage matches your current financial situation.

If you rely on your income to cover living expenses, mortgage payments, or support your family, income protection insurance can be an essential safeguard. It’s especially beneficial for people who are self-employed or don’t have access to employer-provided benefits.

Safety Nest doesn’t charge any upfront fees for consultations. Instead, we receive compensation directly from the insurance provider once you choose a policy through us. This means our expert advice is included in the premium you pay for your insurance, with no hidden costs. If you require specialised advice, we’ll be upfront about any associated fees before proceeding, so you’ll always know exactly what to expect.

With over 10 years of experience in the personal risk insurance industry, Safety Nest is fully licensed and complies with all ASIC regulations in Australia. Our team consists of seasoned professionals who are dedicated to providing accurate, personalized advice. We pride ourselves on maintaining transparency and trust, giving you the confidence you need when choosing the right coverage.

Starting with Safety Nest is easy. We offer a free, no-obligation online consultation via Zoom, allowing you to discuss your insurance needs with one of our experts from anywhere. Simply book a consultation through our website, and our team will reach out to arrange a convenient time for your session. You’ll have the chance to explore your options and get tailored advice with zero pressure. Click the book now button to get started.

Still have questions?

Contact us for more information or to book a consultation.