What happens to you if you can’t work for a period of time? Do you have the best income protection insurance advice to ensure you are financially covered?
You don’t want to draw for your retirement savings or your super to cover your expenses.
Loss of income can cause prolonged financial hardship. This is because so many of us have financial responsibilities like paying rent and mortgage, food, and utility expenses that don’t stop when we become disabled from working. This threat is stressful at the best of times, even more so when you have a family to support.
Income protection insurance can assist you in paying your expenses so that you can focus on recovering. Our financial experts at Aspiri can ensure you have the best income protection insurance advice and make a plan to ensure you are financially covered for any situation.
Income protection provides cover if you cannot work because of illness or injury until you recover, or until you are deemed unable to ever work again. It is paid as a regular income at a maximum of 75% of your income (to cover this gap, you may also need to consider trauma and/or total disability insurance).
Considering income protection insurance is especially important if you’re self-employed or a casual employee, because you may not have sick or annual leave to access.
We aim to insure you for as long as possible as you don’t know when you will be able to return to work. Generally, default income protection cover offered by your superannuation fund will pay you for 2-3 years. But the insurance cover we can get access to can potentially pay you a monthly benefit up to age 70. The longer the benefit period, the greater the peace of mind, knowing you will be paid the longer you can’t work due to your injury or disability.
To ensure you have adequate income protection, contact our financial advisors today for expert income protection insurance advice.
“We have been with Aspiri for many years and found that the advice provided has been very professional and in a courteous manner, with sound investment advice around our portfolio.”
C & L Clapper
“Since our first meeting with Aspiri more than 10 years ago, our confidence in the Aspiri team has never wavered. The expertise and the personalised advice and interaction they provide us, we feel very sure. Their advice has allowed us the luxury to pursue and now enjoy a lifestyle of our choosing. Thank you Aspiri team, you are all much appreciated.”
I & G Vayro
“I’ve been with Aspiri for 10 years after having my own self -managed Super Fund since 1988 . Since I retired 5 years ago I have drawn an annual income of over $100k and the balance of my account is what it was on retirement. They must be doing something right.”
“The Aspiri team have been looking after my financial security for eleven years. They have been extremely supportive, helping me plan my future. As a self-funded retiree, their advice gives me the reassurance that I can go onto my latter years secure in the knowledge that my finances will allow me an ongoing comfortable retirement. “
“The team at Aspiri have been informative on a regular basis and in an accessible way that allows us as busy professionals with little knowledge of the financial world to feel empowered and confident that our wealth is being well cared for.”
J & J Conn
“In the time I have been with Aspiri, I have found them to be very good at what they do – they are very efficient and reliable, able to explain financial matters in a clear and simple way as well as having empathy and understanding for my individual circumstance.”
“I have been a client of the Aspiri team for over 10 years. I can thoroughly recommend the team at Aspiri for providing financial advice for me and my family and for always providing outstanding service with passion and enthusiasm!”
“Several years ago we chose Aspiri, to manage our investments. The team are extremely personable, informed and easily contactable. They adjust portfolios in a timely way, based upon shifts in global markets and the client’s goals. We recommend the client-focused Aspiri team, with confidence.”
J & E Clancy
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