Term Life Insurance
A fixed amount for a fixed number of years, at the lowest cost per dollar of cover.
Read more →Life & Health
Disability Income
Replaces a share of your income when illness or injury stops you working.
What this cover does
Your ability to earn is usually the largest asset you own, and it is the one most people leave uninsured. The definition of disability in the contract is what decides whether a claim pays — an own-occupation definition is materially stronger than an any-occupation one.
Typically included
- Monthly benefit replacing a share of pre-disability earnings
- Short-term cover bridging the first weeks or months
- Long-term cover running to a stated age
- Partial or residual benefits when you return part-time
- Cost-of-living adjustments on some contracts
Common add-ons
- Own-occupation definition of disability
- Future-increase options without fresh medical evidence
- Catastrophic disability riders
- Student-loan repayment riders
- Business overhead expense cover for owners
Questions
What people ask about disability
What does own-occupation mean?
It pays if you cannot perform the duties of your own profession, even if you could work in another. Any-occupation contracts only pay if you cannot work at all, and they are much harder to claim on.
Is employer cover enough?
Group cover is a good base but typically replaces around 60 per cent of base salary only, is taxable when the employer pays the premium, excludes bonus and commission, and ends when you leave. An individual policy fills the gap and travels with you.
Often taken together
Related cover
Whole Life Insurance
Permanent cover with a guaranteed death benefit and a cash value that builds.
Read more →Quote Disability Income
Tell us what you already have and we will show you where this fits — or tell you plainly that you do not need it.