The majority of Australians have no trouble insuring their home and contents from fire, theft and weather damage. It makes a lot of sense to take out insurance on your home.
It’s your biggest asset, right?
The average Australian could earn around two and a half million dollars1 in their lifetime, much more than the value of the average home. And yet the majority of income earners don’t insure their largest asset – their income earning capacity.
Income protection insurance (also known as salary continuance) is designed to provide a regular income in the event that you are unable to work due to sickness or injury. Generally, income protection insurance provides a regular income during a period of disablement for up to a pre-determined and agreed benefit period. The benefit amount payable is up to 75 per cent of your income.
Because we know how critical income protection is to your career, WEP offers a 20% rebate off an income protection insurance premium if you take out a policy within the first year of employment.
Call us today on (08) 8208 4777 to discuss your options.
1 Based on full-time adult average weekly ordinary times earnings multiplied by 40 years of continuous employment [Earnings Source: Average Weekly Earnings, Australia, May 2017, ABS]