Zurich Financial Services Australia has long been regarded as an income protection insurance provider of the highest order, as evidenced by its string of national awards. In 2011, Zurich received the Review Smartinvestor Blue Ribbon Award and the Canstar Cannex Outstanding Value award for its Term Life and Total and Permanent Disability (TPD) product. Zurich…
All income protection insurance policies have waiting periods. The waiting period is the time between being declared unable to work and receiving your first insurance payment. When you sign up for an income protection plan you decide how long you wish the waiting period to be (it usually ranges from two weeks to two years).…
July 1, 2011 saw a change in the rules surrounding tax deductions for total and permanent disablement (TPD) insurance policies owned by a super fund. The changes ushered in by the Australian Taxation Office mean TPD premiums that come under the definition of “own occupation” are only partially tax deductible. Premiums that relate to the…
MLC Masterkey Business Super has introduced some exciting new features to its insurance product. Integral to its new and improved product is the Best Doctors medical information service. This service was established in 1989 to help people with significant illnesses connect to a worldwide network of leading specialists, so that they can get access…
According to information from financial services company AXA only 6% of Australians have income protection insurance. Clearly the vast majority of the working population are unaware of the importance of having income protection insurance, a fact which has led major insurance companies to focus on increasing consumer awareness of the advantages of taking out an…
Income Protection Insurance and the benefits of protecting your superannuation Income protection insurance is an important way to safeguard your income and living expenses in case of an accident or illness that prevents you from working. With income protection insurance you can be comfortable knowing that your current standard of living could be maintained if…
