How to get cheap income protection & redundancy insurance in Australia

Описание: What Aussies NEED to know about their income protection & redundancy insurance. Are you REALLY covered?

▶ Compare and look for the best income protection insurance in just 2 Minutes – 100% Free!: https://www.comparethemarket.com.au/i...

What would you do if you were injured or sick or made redundant and couldn’t work? Your bills, groceries and mortgage won’t wait and the financial stress can pile up fast. Income protection and redundancy insurance is a financial safety net that pays out regular amounts to help cover your expenses while you recover. But how do you get the right income protection insurance in Australia?

Economic Director at Compare the Market, David Koch, gives you his best tips on getting the best income protection quotes in Australia.

Did you know some of us already have a small amount of income protection through our super funds? But these one-size-fits-all policies may not suit what you need. Worse still, many super funds don’t offer income protection at all, so some Australians are left with no cover if they can’t work when they're sick or get made redundant.

If you’re looking around for the best deal on income protection insurance, they can include things like cover for sickness, injury or redundancy which you might need one day. By comparing income protection insurance at Compare the Market Australia you can get a policy that suits your lifestyle and your job, whether you need freelancer insurance, insurance for consultants or self-employment or any other job. Remember, it's always best to make sure you've got the right policy and you check the fine print, as Kochie is reminding everyone that waiting periods can vary, as some policies have 30, 60 or 90-day waiting periods before benefits start. And benefit periods can range from 2 years to payments until retirement, depending on your circumstances.

If you’re worried about job security, income protection with redundancy cover could give you extra peace of mind, so you’re looked after in tough times. And it’s not just for high-income earners—whether you’re full-time, part-time or casual, there’s a policy for you.

Chapters:
0:00 What is Income Protection Insurance?
0:35 Do Super Funds Provide Enough Cover?
1:23 How to Compare Policies Effectively
2:18 Why Compare the Market is Your Best Option


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