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Protect your family

and not your lender with a

proper income protection plan

Discover a better way to put this valuable protection in place

Income protection plan is the greatest financial obligation you and your family will be

involved within your lifetime. It makes complete financial sense to protect your

family with an income protection plan, but are you selling your family short?

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Here are reasons

It’s better to protect your family, and not just your lender

20% It costs less

Indemnity income protection insurance are on average 20%
$ cheaper than agreed value.

Flexibility of stepped vs level premiums

$ If you hold the policy for more than 10 years, a level premium

may be worthwhile considering in terms of total premiums

paid over the period.

It’s tax deductible

By owing the policy personally you can claim the premium

as a deduction at tax time. Depending on your income level

at marginal tax rate you could receive half of your

premiums back as a tax refund.

Industry fund income protection maybe

cheaper but has less options

Cover through superannuation may be cheap because of group

cover rates are applied. However, there are a number of

shortcomings ex: cover may only be available while you are

employed and contributing to the fund, no agreed cover,no

level premiums, no extra benefits; 2-year benefit only, and

conditions of your cover are not guaranteed and can change

if your super changes insurance companies.

Your policy through an advisor channel

While the traditional industry supper income protection

was done at the time of claim. This puts your family in

jeopardy of receiving nothing at all if the insure decides

at claim time you didn’t answer the question properly.

Who will fight for your family if you are no longer here to

protect them?

Could you imagine the stress this would put on a grieving

family?

Discover a better way to put this valuable protection in place.

Our experienced insurance advisor can help you tailor an income

protection policy that meet your needs.

This document contains general information and does not take into account your personal objectives, financial situation or needs.

Sources: www.iiis.ca