Income Protection Insurance Nz Southern Cross

Income protection how it works.

Income protection insurance nz southern cross. The policy pays a percentage of your income to protect you and your family from the financial consequences if you can t work and are unable to earn. If acc are replacing 80 of your income your income protection cover won t top you up to 100 however if you are receiving less than 75 from acc we may be able to top you up to 75. You can choose from a range of payment options. 20 000 50 000 100 000 200 000 and 300 000 in the event that you suffer from a critical illness or trauma you will receive the amount you have chosen as a tax free one off payment.

Income protection insurance deductibility 31 january 2018 many people have income protection insurance policies and ask us about income protection insurance deductibility well the great news is that these policies are claimable in your personal income tax return whether you are in business or in paid employment as long as any proceeds upon making a claim are treated as taxable income. Use our free online tool to build and compare insurance quotes and then apply online today. Choose a cover option up to 300 000. Southern cross introduced health insurance to new zealanders in 1961 and is one of new zealand s trusted and well known brands.

Income insurance provides cover for a percentage of your income after a stand down period that can range from 2 weeks up to 2 years and a benefit period ranging from 1 year up to the age of retirement and or 70 years. Receive a monthly benefit if you are totally disabled and unable to work in your own occupation due to illness or injury. Income protection insurance protects a person s income if they cannot work due to illness or injury and in most cases this also includes depression. Income protection provides a monthly income if you are unable to work due to sickness or injury.

The maximum cover that pinnacle life can provide under our income protection cover is 75 of your income. The plan includes cover for cancer care surgical treatment and specialist consultations diagnostic imaging tests and recovery within 6 months of related eligible surgical treatment chemotherapy or radiotherapy. Plus as an extra benefit if you re in good health and don t smoke you may also be eligible for a further 10 healthy living discount on your southern cross life insurance premium for the duration of your policy. The biggest provider of health insurance in new zealand they provide cover to over 800 000 members.

Compare income protection insurance quotes with lifedirect. 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. If you sign up for southern cross health insurance at a later date it may take up to 45 days for this discount to be applied to your southern cross life insurance premium.