INCOME PROTECTION INSURANCE

"What is your single most valuable asset?" We tend to think of assets in concrete terms, so your answer may well be your home or your investments.  But in fact, your most valuable asset is your ability to earn a good income, obtained after years of study, a great deal of hard work, and a commitment to your profession.

Income Protection Insurance is probably the easiest and most cost effective means of providing financial security for yourself in the event of disablement through sickness or accident.  Premiums are fully tax deductible and can be paid monthly.

Example of Product Features:

• Total & Partial Disability
  You can receive total disability benefits if you are unable to perform at least one of your important duties as a Barrister or Medical Practitioner. Should you be unable to work full time, partial disability benefits are also available.
  
  
• Business Expenses / Practice Overheads (optional)
  Additional insurance to cover eligible business expenses that you are required to pay each month whilst you are unable to work.
  
  
• 24 hour Worldwide Cover
  You are covered 24 hours a day, 7 days a week, anywhere in the world.
  
  
• Indexation
  Indexation of your sum insured is offered every year. You may decline to accept the offer to increase. This will not affect any further offers made.
  
  
• Full Benefits (no offsets)
  For Barristers and Medical Practitioners, benefit entitlements will not be reduced by sick leave, workers compensation, social security payments or income from your current employment or practice.
  
  
• Specified Trauma
  A lump sum payment of 6 times your monthly sum insured is payable on your being diagnosed with any one of 16 listed medical conditions.
  
  
• Waiver of Premium and Extended Waiver of Premium
  Full instalment premiums are waived while you are on claim for Total or Partial Disability. Furthermore, if you have a waiting period of 14, 30 or 90 days, and the Insurer may agree to pay you a Total Disability Benefit or Partial Disability Benefit (Comprehensive Income Protection Only) for Income Protection or Business Expense Cover, the Insurer may also refund on a daily proportionate basis, premiums paid during the Waiting Period.
  
  
• Leave Without Pay
  Cover can continue if you are on unpaid leave for maternity or paternity purposes, sabbatical leave, study leave or compassionate leave.
  
  
• Guaranteed Agreed Value (optional)
  This benefit provides a set amount as your weekly benefit, as agreed between you and the insurer. The insurer will pay you this weekly amount, including indexation increases, in the event of your becoming totally disabled. Evidence of income is required at time of application. There will be no further requirement to prove income at claim stage.
  
  
• Guaranteed Renewable
  While your policy is in force the Insurer may guarantee to renew it regardless of changes to your occupation, health or pastimes.
  

For more information regarding Income Protection insurance or an obligation free premium quotation, please contact us.

Critical Conditions Covered Compre- hensive Income Protection Total Disability Partial Disability Choice of Waiting Period Choice of Benefit Period Guaranteed Renewable 24 Hour Worldwide Cover Non-Smoker Discount Indexation Return to Work During Waiting Period Waiver of Premium Extended Waiver of Premium Concurrent Disability AIDS Cover Transplant & Cosmetic Surgery Leave Without Pay Involuntary Unemployment Claim Escalation Interim Cover Death Benefit Early Cash Benefits (No Waiting Period) Specified Injury Specified Trauma Bed Confinement Rehabilitation Program Rehabilitation Aides & Equipment Recurrent Disability Cover to Help the Family Family Accommodation (No Waiting Period) Family Care Optional Benefits Guaranteed Agreed Value (extra cost) Business Expenses (extra cost) Day 3 Accident (extra cost)

NOTE: Some of the benefits include a waiting period.