Quick, Free & Unbiased Quotes
* The Christmas offer applies to ALL signed applications submitted between 23/11/13 and 31/12/13. All applications need to have the policy approved by the insurance company and accepted by the applicant. All applications that are approved after this date will still receive the offer as long as they are submitted between the above dates.
Your $200 Prezzy Card is guaranteed!
NB: Monthly premiums under $75/pm are not eligible for this promotion
Welcome to our Income Protection Insurance site. Our goal is to simply help you get the best insurance policy to protect your income should you need it.
The way it works, we compare all the rates for you for up to 7 providers. It’s fast, easy and available to you 24/7!
Protect Your Family
Income is usually a person’s most important asset, and protecting it not something that should be taken lightly.
What would you do if you were made redundant or became sick or injured in an accident and your income stopped tomorrow? Would you be able to meet your mortgage repayments? What about paying the bills and providing for the needs of your family? Income protection cover bridges the gap when you can’t work and helps make sure your family are looked after until you can work again.
On average it is estimated that most New Zealand homes would run out of money if the main income stopped, within only three weeks! Illnesses and accidents are common reasons for people to lose their income.
Self Employed? Running your own business can be great, but the sad fact is that a large majority of businesses go bankrupt, destroying a families security and financial stability. 90% on new businesses fail within 10 years of starting!
Don’t Get the Wrong Policy
You need to make sure you understand the income insurance policy you get, because they are not all the same, and beware of companies just offering you the lowest price, as this maybe not always the best policy for you, so it pays to shop around for the best quotes. For example, do you know if your policy covers you for partial disability, or depression? Do you know how long your policy will pay out for you when you make a claim on it? What about whether or not the company can cancel you policy at any time or not?
At the end of the day, you need to watch out for companies throwing you all sorts of discounts, as often discounts come with less coverage, and you and your family might get caught out. This is where we come in and connect you with an advisor who will listen to what your needs are, and find the best policy for you!! Get the best income insurance quote, so you and your family are secure.
The brokers contact all the major health insurance providers, and provide you with the most competitive rates, that suit the needs of you and your family. You will never pay them a cent, the insurance company does.
What About ACC ?
Unfortunately, as good as ACC is for covering accidents that happen to Kiwi’s at work, what most people don’t understand is that they don’t actually cover you for illnesses such as developing cancer or having a heart attack that could easily put you out of work, and add further stress to your family would be under in such a difficult time. This is another reason why you should get income protection cover, to pay bills and other important payments while you are not able to work. One thing to keep in mind though, is some companies will actually subtract any amount you may be getting from ACC from the amount they will pay you out, so it is worth reading the policy carefully. Read this article.
What Policy is Right for Me?
This is a valid question, and one that gets asked a lot, and for good reason, as it can be confusing to work out, and even more confusing to read through all the fine print that insurance protection policies often consist of. Most income insurance policies in New Zealand fall into two categories, either Indemnity or Agreed value. The advisors we connect you with can help you work out what is best for you, and help you find the most competitive rates too!
Other things to consider are partial and recurring disability payments. For example if your illness is something that gradually improves, and you may be able to return to work part time, a good policy will recognise this and continue to pay you partial payments to help make up the income. This is similar for recurring disability, however the difference being that a person may have been able to return to full time work, only to relapse into the illness and not be able to work again. Most reputable insurers will allow a 12 month window for this scenario and provide full payments with no waiting period. Other things to take into consideration is whether the policy provides home or work modification allowances, as in some cases your illness or injury will mean modifications need to be made, and even carer support required.
Getting the right income insurance quote is essential to make sure you and your family are actually going to be taken care of in the event that you lose your income. Although it can be a little confusing to work out what policy is best, and ensure you pay the lowest fees without compromising on the cover you’ll receive, the advisors we connect you with are there to help guide you through this process. We are are not an insurance company and instead connect you with insurance brokers who then hunt around all the top providers for you, and come back to you with the best options, so you can make an informed decision.