Get Income Protection Insurance Quote
Get Income Protection Insurance Quote
APPLY FOR INCOME PROTECTION INSURANCE ONLINE
HOW MUCH DOES IT COST?
Get a quick customised income protection insurance online quote now and start planning for your future with the experts to secure cover up to 85% of your income now!
YOUR INCOME PROTECTION OPTIONS
WHAT ARE THE BENEFITS OF INCOME PROTECTION?
Why Choose Aspect Income Protection
- Coverholder at Lloyd’s of London
- Personalised, friendly service – you’re dealing directly with the owners.
- From a quote to fully covered in under 10 minutes, no phone calls required.
- The world’s specialist insurance market.
- We can cover up to 85% of your income and offer the highest levels of cover in the market.
- Deal directly with ownership; no cheesy sales staff!
NEED HELP GETTING STARTED
What is Income Protection Insurance?
An Income Protection insurance policy is a product that replaces the majority of your income if you’re unable to work due to illness or injury. Protecting regular income is at the heart of sound financial planning.
The reality is that you are likely to suffer a health condition at some point in your working career that may take you to a financially challenging place.
The question then becomes, can you afford to go for a period of time with no income? If you are in such a position, having your income protected provides you with significant peace of mind so that you can focus on getting better.
Why Should You Cover Your Income?
Here are some stats for you to consider to help you decide:
- Around 786,000 Australians experienced a health condition resulting in time off work and income support from a government or private source during the 2015/16 financial year.
- To put that into context, this was about 50,000 more than the number of unemployed people as at June 2016.
- At least a further 6.5 million people accessed sick leave for short-term illness.
Now supposing that you are to be one of them, would you be able to go for a period of time with no income? Think about that. Stay smart, be proactive today and ensure a steady stream of income should the hard times ever arrive!
Types of Income Protection
As a specialist insurance agency in Collingwood, we have been offering customised income protection covers to our clients tailored to their specific needs. Broadly speaking income protection can be known by other names such as Salary Continuance (SC) or Total Temporary Disablement (TTD) but they all offer the same protections.
The major areas of difference from one of these policies to the next are:
a) Waiting Period (usually 14, 30, 60 or 90 days)
b) Benefit Period (usually 1, 2 or 5 years or ‘To Age 65’)
c) Percentage of your income (usually 75%, Aspect offers up to 85%)
d) Maximum Benefit – Some insurers will cap how much your benefit is, regardless of how much you earn. Aspect Income Protection cover pays up to $42,000 per week, as long as your income justifies it, for the nominated waiting period.
Coverage of Income Protection Policy
While requesting an income protection insurance quote, you have to understand that it covers illness and injury that prevents you from working, after the expiry of your selected waiting period. Aspect income protection policy does not cover unemployment.
Although some policies offer a small ‘involuntary unemployment’ benefit as an extra. Along with that, standard exclusions that is pre-existing conditions like; war & terrorism; flying (except as a passenger on a commercial airline); intentional or self-inflicted injury; professional sports are not covered in Aspect income protection cover. Read our PDS here.
Income Protection Insurance Online Quote
Based on extensive working experience as Lloyd’s Underwriters, Aspect provides you with the ability to request a custom-built Income Protection Insurance Online Quote, purchase, and pay for it online without ever spending time visiting us.
The experience is seamless and the system gives you the full power and resources to request the best income protection insurance quote online that is best suited to you. Our system provides you the flexibility to add additional covers to your Aspect Income Protection quote including – Accidental Death Insurance, Total and Permanent Disability (TPD) Insurance and Critical Illness Insurance (Trauma) Quote. In case you need any human assistance, we are always available online or can schedule a meeting to meet in person.
What is The Aspect IP Claim Process?
Just like our income protection insurance cover issuance process, our income protection claim process is also hassle-free. To make a claim, download the Aspect Income Protection Claim form, print it and fill in the details. The form also needs some information to be filled by your doctor and your employer/accountant. Once all the necessary information has been filled, mail it to the following address.
Aspect Underwriting Claims Centre
PO Box 14
Brisbane, QLD 4556
As soon as we receive your claim, we will get in touch. Click here for more information on Aspect income protection claim process.
What is Income Protection Insurance?
An Income Protection insurance policy is a product that replaces the majority of your income if you’re unable to work due to illness or injury. Protecting regular income is at the heart of sound financial planning.
The reality is that you are likely to suffer a health condition at some point in your working career that may take you to a financially challenging place.
The question then becomes, can you afford to go for a period of time with no income? If you are in such a position, having your income protected provides you with significant peace of mind so that you can focus on getting better.
Why Should You Cover Your Income?
Here are some stats for you to consider to help you decide:
- Around 786,000 Australians experienced a health condition resulting in time off work and income support from a government or private source during the 2015/16 financial year.
- To put that into context, this was about 50,000 more than the number of unemployed people as at June 2016.
- At least a further 6.5 million people accessed sick leave for short-term illness.
Now supposing that you are to be one of them, would you be able to go for a period of time with no income? Think about that. Stay smart, be proactive today and ensure a steady stream of income should the hard times ever arrive!
Types of Income Protection
As a specialist insurance agency in Collingwood, we have been offering customised income protection covers to our clients tailored to their specific needs. Broadly speaking income protection can be known by other names such as Salary Continuance (SC) or Total Temporary Disablement (TTD) but they all offer the same protections.
The major areas of difference from one of these policies to the next are:
a) Waiting Period (usually 14, 30, 60 or 90 days)
b) Benefit Period (usually 1, 2 or 5 years or ‘To Age 65’)
c) Percentage of your income (usually 75%, Aspect offers up to 85%)
d) Maximum Benefit – Some insurers will cap how much your benefit is, regardless of how much you earn. Aspect Income Protection cover pays up to $42,000 per week, as long as your income justifies it, for the nominated waiting period.
Coverage of Income Protection Policy
While requesting an income protection insurance quote, you have to understand that it covers illness and injury that prevents you from working, after the expiry of your selected waiting period. Aspect income protection policy does not cover unemployment.
Although some policies offer a small ‘involuntary unemployment’ benefit as an extra. Along with that, standard exclusions that is pre-existing conditions like; war & terrorism; flying (except as a passenger on a commercial airline); intentional or self-inflicted injury; professional sports are not covered in Aspect income protection cover. Read our PDS here.
Income Protection Insurance Online Quote
Based on extensive working experience as Lloyd’s Underwriters, Aspect provides you with the ability to request a custom-built Income Protection Insurance Online Quote, purchase, and pay for it online without ever spending time visiting us.
The experience is seamless and the system gives you the full power and resources to request the best income protection insurance quote online that is best suited to you. Our system provides you the flexibility to add additional covers to your Aspect Income Protection quote including – Accidental Death Insurance, Total and Permanent Disability (TPD) Insurance and Critical Illness Insurance (Trauma) Quote. In case you need any human assistance, we are always available online or can schedule a meeting to meet in person.
What is The Aspect IP Claim Process?
Just like our income protection insurance cover issuance process, our income protection claim process is also hassle-free. To make a claim, download the Aspect Income Protection Claim form, print it and fill in the details. The form also needs some information to be filled by your doctor and your employer/accountant. Once all the necessary information has been filled, mail it to the following address.
Aspect Underwriting Claims Centre
PO Box 14
Brisbane, QLD 4556
As soon as we receive your claim, we will get in touch. Click here for more information on Aspect income protection claim process.
NEWS & INSIGHTS
Want to know more about the latest in the income protection insurance industry?
Click through to any of the articles below.
Frequently Asked Questions and Common Misunderstandings about IP
The options here are usually a one, two or five-year benefit period or a benefit paid until you reach the age of 65. The costs increase as the benefit period gets longer. Whilst ‘To Age 65’ pays you a benefit until retirement age, the cost is significantly higher and may not be worthwhile. After all, it’s likely a medical condition that keeps you off work for two or five years will prevent you from ever returning to work. Therefore, a Total & Permanent Disablement insurnace policy coupled with a two or five-year Income Protection policy may be a better option.
Here are some situations in which you would not eligible to claim for the Aspect income protection insurance benefit:
- Your disability is because you deliberately exposed yourself to unnecessary danger/harm
- The disability is a result of a self-inflicted harm or an attempt to commit suicide
- The disability is due to pregnancy unless its a complication that within the first 33 weeks of pregnancy
- The disability is related to professional sports, war or any pre-existing condition
- The disability is because of an elective surgery (unless you’ve purchased the additional benefits bundle as part of your Aspect Income Protection cover)
Read our PDS for further details or contact us.
