Income Protection explained (for Australians)

[@tarekabdullah6119]

Good video. Very informative.

[@hayden3678]

Hey bud, In regards to income protection, I understand you can't accumulate sick leave or annual leave entitlements. However, would I have to exhaust my sick leave at work before I make a claim for income protection? I haven't found a solid answer to this question. Thanks for the informative video, keep it up.

[@EthanRooshock]

Really well explained mate!

[@maddisonash8347]

10/10 so helpful, thank you

[@ausskull]

Hi, is there any insurance that covers our expenses if we are made redundant from work?

[@louiselochhead8394]

I was advised as I don’t work 30+hrs I did not qualify, which seems pretty unfair particularly if you a single parent.

[@GuidedInvestor]

Hi Louise, it is hard for stay at home parents. There are some insurers that will provide Income Protection if you work a minimum of 15 hours per week. Otherwise it can be beneficial to apply for additional Trauma and TPD cover to allow for income replacement.

[@louiselochhead8394]

@@GuidedInvestor I don’t see myself as a stay home mum as I do work, just lucky enough I can afford to part time. I do have trauma cover and I am lucky to have plenty of leave up my sleeve.

[@dayno82]

Big trap to look out for is pre disability income calculation… it’s calculated over 12 months prior date of injury. Total BS they don’t care about policy amount u might of covered yourself for.

[@adamwielowski3910]

🏃 🅿🆁🅾🅼🅾🆂🅼