Protect Your Most Valuable Asset - Your Income

​Imagine waking up tomorrow and not being able to work. Not for a week or two, but for months. How would your family cope? Who would pay the mortgage?

The reality is confronting: Your ability to earn an income is worth far more than your house, your car, or your super. For example, a 35-year-old earning $90,000 today will earn over $7.4 million before retirement (assuming 3% annual increases).

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The Truth About Income Protection

Many Australians believe "it won't happen to me" or "I'll be right". Yet the statistics tell a different story:

• More than 60% of Australians will be off work for more than one month during their working life

• One in three Australians will be diagnosed with cancer before age 75

• 2.6 million Australians under 65 are living with a physical disability

• Mental health conditions account for 18% of all income protection claims

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Why Your Safety Nets Might Not Be Enough

"I've got savings" - But how long would they last? Most Australian families would exhaust their savings within three months of losing their income.

"I have Workers Compensation" - This only covers injuries at work. What about illness, accidents outside work, or mental health conditions? If you're self-employed, you might not even have this basic protection.​

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How Income Protection Works For You

Income protection insurance replaces up to 75% of your income if you can't work due to illness or injury. Think of it as a salary continuation plan that:

• Helps maintain your family's lifestyle

• Keeps your children in their current schools

• Protects your retirement savings from being drained

• Covers your mortgage and other debt repayments

• Provides peace of mind during recovery

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Making It Affordable​

Many people are surprised to learn that income protection premiums are generally tax-deductible. For example, comprehensive cover can cost less than $4 per day - about the same as a cup of coffee.

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Flexible Cover Options

Every situation is unique. Your policy can be tailored with:

• Choice of waiting periods (2 to 104 weeks)

• Benefit payment periods (1, 2, 5 years or to age 65/70)

• Agreed value or indemnity cover

• Additional benefits like rehabilitation support

• Super or non-super ownership​​

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Don't wait for a crisis to discover you're not protected. As a Certified Financial Planner, I can help you:

• Understand your specific income protection needs

• Compare policy options from leading insurers

• Structure your cover tax-effectively

• Integrate protection with your broader financial plan

Contact me today on 0411 519 209 for a personalised discussion about protecting your income and your family's future.