Income Protection Insurance Nz

Receive a monthly benefit if you are totally disabled and unable to work in your own occupation due to illness or injury.

Income protection insurance nz. 60 year old ruth 2 was the national sales manager for a successful new zealand company and the main earner for her family. Most policies in new zealand will provide you with a monthly payment up to 75 of your total income to keep your lifestyle going during recovery. Income protection insurance is designed to pay money to the policyholder in the event that they cannot work due to illness or injury. Income protection insurance is a financial safety net it pays you a percentage of your wage for a set period if you can t work due to a sudden illness or injury.

Unfortunately the maximum application age for most income protection policies in new zealand is to 60. She d taken out amp income protection insurance when she was 52. Income protection insurance in new zealand is an insurance policy that replaces some of your income if you re unable to work due to serious illness or injury. As she was approaching 60 her premium increases were getting bigger and ruth began to wonder whether she still needed the cover.

With income protection insurance you can protect your lifestyle and financial future. Receive a partial benefit if you are unable to work for more than 75 of your average weekly pre disability hours or earn less than 75 of your pre disability income. Use our free online tool to build and compare insurance quotes and then apply online today. In most circumstances the benefit is 75 of the policyholder s most recent income.