Income Protection insights
We’re all guilty of comparing ourselves to our neighbours in the lifestyle stakes from time to time. The concept of “keeping up with the Joneses” is alive and well, from the city to suburbia and beyond.
Competition with our neighbours for the best lawn, the fanciest car, the latest phones or the most exotic holidays is a worldwide phenomenon. But when life throws a curve ball, the priority becomes simply meeting financial obligations rather than flaunting success.
Whether it’s optimism, naivety or a bit of both, many Australians don’t even consider the possibility of illness or injury affecting our ability to work. Plus, we wouldn’t usually have the cash reserves to cover our lifestyle costs while we recovered from illness.
Peace of mind is the real key to a positive outlook in life, and income protection insurance could be important if you want to protect those comforts and your standard of living.
Income Protection cover provides a replacement income of up to 85% of your current income if you’re not able to work for a period of time.
It can cover you for short or long periods, and allows you to choose from various waiting periods to suit your needs. By prolonging your waiting period to make a claim, you can lower your premiums and put higher levels of cover within reach.
The good news is that you can purchase Income Protection through your NSF Super account, which means it won’t put a dent in your ‘take home’ salary each week.
Visit the Insurance section for more details on Income Protection, or call the NSF Super team on 1800 025 241 for help to identify the best option, and ensure you can keep up with the Joneses – no matter what life throws at you.Visit the insurance section