Get the right Income Protection Insurance for your needs



Income Protection AIA

Income Protection is one of the many insurances that we offer at Her Life. And as you can see above, there are various levels of cover to cater to your own, individual needs. AIA is just one of the many insurance companies that we can offer cover through; please feel free to give us a call on 1300 661 107 to find out more information on what AIA can offer you, or more information on Income Protection Insurance.

Everyone has different needs, but let’s consider this story of Fiona:

Fiona is 32 and has just purchased her first home. As her new apartment is in a prime inner city location in Melbourne, she has a hefty mortgage to deal with.

She works as a graphic designer for a large advertising company and has been working there for 3 years. Upon taking out her mortgage Fiona decided it  would be wise to take out an Income Protection policy to protect herself and her income should she fall ill and be unable to make the repayments. Fiona takes out an AIA Australia Priority Protection Policy including Income Protection and Advantage Optional benefits with an insured monthly benefit of $2,000, a waiting period of 30 days and a benefit period to age 65.

Fiona decides to re-paint her apartment and over time has completed the living room and kitchen before moving into the bathroom. On a hot afternoon, while finishing off the bathroom, Fiona slips and falls off the ladder, breaking her upper arm. Fortunately the Advantage Optional benefit includes a built-in specified injury benefit and Fiona is able to claim a lump sum payment of $4,000 ($2,000 for each month of the payment period for the fracture of the upper arm i.e. two months) which is payable immediately.

As Fiona has fractured her right upper arm, she will be unable to return to work for 3 months because her job requires her to use a computer. At the end of the payment period (2 months) for the fracture of the upper arm, Fiona is still disabled due to her injury and will be unable to return to work for another month and is now entitled to a payment under the Total Disablement benefit. Fiona will receive a further payment of $2,000 for the final month of her disablement.

Fiona’s total benefit payment during the period she was unable to work was $6,000. allowing her to recover from her injury whilst still being able to make her mortgage repayments and pay for her bills and food.

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