Income Protection Insurance Calculator Nz

You need to be a permanent new zealand resident and 18 60 years.

Income protection insurance calculator nz. Receive a monthly benefit if you are totally disabled and unable to work in your own occupation due to illness or injury. Use our free online tool to build and compare insurance quotes and then apply online today. It should not be regarded as a substitute for advice from a financial broker. Apply online anytime anywhere in a matter of minutes.

How much could you receive. Retirement protection if you become totally disabled we will continue your contributions to your kiwisaver scheme while you are receiving total disability income benefit payments under your personal disability income policy. Income insurance from irish life assurance pays you a regular income if you can t work because of an injury or illness while you are employed. 1 you can protect up to 75 of your income 1.

Income protection at a glance. Income protection insurance pays a fixed percentage of your income until you are able to return to work or reach retirement age. In most circumstances the benefit is 75 of the policyholder s most recent income. From irish life assurance.

The actual amount you receive depends on what you might also be getting from acc work and income nz or other insurance products. Receive a partial benefit if you are unable to work for more than 75 of your average weekly pre disability hours or earn less than 75 of your pre disability income. Monthly cover of. Income protection insurance is designed to pay money to the policyholder in the event that they cannot work due to illness or injury.

Answer the questions below to build an income protection plan to suit your needs and budget. Choosing a longer deferred period reduces the cost of your cover. Compare income protection insurance quotes with lifedirect. Our income protection calculator will help you decide how much of your income you need to protect.

Please note the results provided by this calculator are an estimate only and assumes cover estimated at 75 of your current gross monthly income. Get a quote apply online now. Instantly compare and save on nz s top income insurance policies. You also must be self employed or working 30 hours or more a week and earning 30 000 gross or more per year.