Income Protection

Financial support to maintain your income during illness or injury.

What is Income Protection?

Income protection insurance gives you a regular monthly income if you can’t work due to illness or injury.

Everyday expenses like rent, mortgage repayments, power bills, and groceries don’t stop when you’re unable to earn. With income protection insurance, you receive ongoing payments to cover essential costs, giving you and your whānau financial security while you recover.

Whether you’re self-employed, a contractor, or an employee, having income protection in place means you can focus on getting better without the added stress of lost earnings. It’s one of the most practical ways to safeguard your lifestyle and protect your family’s future.

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How does Income Protection work?

Usually, you choose to insure a percentage of your income, typically up to 75%. You also decide how long you want your claim payments to continue (the payment period) and how long you’re willing to wait before payments begin (the wait period). These choices will influence your premiums, and your advisor can guide you in selecting the options that best fit your needs.

Does my Income Protection pay out on top of other payments like ACC?

This can be a bit unclear since some policies and providers include it, while others don’t. It’s a good idea to talk it over with your advisor, they’ll help you navigate the fine print and understand the details.

Does the job I have impact my chances of getting cover?

Your level of cover can depend on your career. Some policies pay out if you’re unable to work in your specific occupation, while others only activate if you can’t work in any job at all. Certain high-risk professions may have payout limits or additional charges. There are also policies designed to protect the income and earning potential of self-employed people or those with variable incomes.

Your advisor can help you navigate these options, and as independent brokers, we’ll find a policy that fits your unique situation.

What if my circumstances change?

We know life changes, and your insurance needs can change too. That’s why we make it simple for you to update your cover as your career, finances, and debts evolve or as you approach retirement.

Our advisors will guide you through these changes and help you understand how they affect the protection that’s right for you.