Income Protection Insurance Explained

If illness or injury stops you from working, income protection insurance is your financial safety

net. It typically replaces **60% to 75% of your income**, helping cover daily

living costs and recovery expenses. This coverage extends to serious issues like **chronic illnesses,

mental health conditions, and physical injuries**. Policies are flexible, allowing you to choose your waiting

period and benefit period. Keep in mind, pre-existing conditions and injuries from

illegal acts are usually excluded. Importantly, premiums paid personally are often **tax-deductible**

in Australia. Secure your financial future and plan for tomorrow.