Income Protection

Income Protection Insurance

Protect your income = Protecting your lifestyle

What is your greatest asset? Your home and contents? Your car, your life?

Many people insure these assets, yet, all too often, they do not adequately protect what is potentially their greatest asset- their ability to earn an income. Take a moment and consider what could happen to your lifestyle if you were unable to work for an extended period due to illness or injury.

With statistics showing around half of the working population are likely to spend more than three months off work due to ill health during their working lives by taking out some income protection, you can protect your most valuable asset and avoid putting your lifestyle at risk. If you suffer an illness or injury and are unable to work, income protection insurance can pay you a monthly benefit amount, usually up to 75% of your pre-tax income to replace lost earnings. You can generally claim these premiums as a tax deduction.

This type of insurance is designed to help you -

• Continue to pay your mortgage, bills, credit cards and other debts

• Provide an income for yourself and your family

• Keep your investment strategies in place

• Avoid having to sell assets like your home in time of crisis

Get It Right.

Income protection is important to protect your wealth. Contact Avoca consultants today on 08 - 9227 1558 and we will take you through the maze of options and products on the market to find the appropriate solution for you needs.

How much will you earn from now until retirement is frightening. This is why our ability to earn income if often referred to as our most valuable asset.*

Income pa	Earnings
Age now: 30
$40,000	$2,309,207
$60,000	$3,463,811
$80,000	$4,618,414
$100,000	$5,773,018
Age now: 40
$40,000	$1,377,059
$60,000	$2,065,588
$80,000	$2,754,118
$100,000	$3,442,647
Age now: 50
$40,000	$683,453
$60,000	$1,025,179
$80,000	$1,366,906
$100,000	$1,708,632

* assumes income increases each year by 3% and retirement age 65.