Are you employed or self-employed?

  • Would you have a back-up source of income if you were unable to work?
  • How long could you live off your savings alone?

What is income protection?

If you’re like most people, your way of life is at least partially dependent on your ability to work. Therefore, an extended absence because of sickness or injury could be devastating to your lifestyle, and that of your family.

Income protection is designed to help in such circumstances — replacing your income if you are unable to work as a result of sickness or injury.

The maximum cover is usually 75% of earnings. However,optional additional benefits may be available.

What this means for you

The benefit paid by income protection can help you keep up with all of the expenses your income usually takes care of. That includes things like mortgage repayments, groceries and your regular bills.

This money also means you don’t have to rely on family and friends, government assistance, or leave entitlements from your employer — none of which are guaranteed to provide a sufficient level of financial support.

It’s important to note that benefit payments for income protection usually don’t start immediately, as a waiting period can apply during which no benefit is payable (this could range from 14 days up to two years).

Exclusions may apply for certain events.

Insurance policies will often vary in their features and benefits, so you should work with your financial adviser to choose a policy that suits your needs and your budget.

What are the chances?
• More than 60% of Australians will be disabled for more than 1 month during their working life.
• More than 15% will be disabled for more than 3 months during their working life.

Source: Australian Disability Table IAD89-93 — Institute of Actuaries

Case study

Jenny and Paul both were both working full-time and earning a combined income of $160,000. With no children, they were working hard to build their nest egg and pay down their significant mortgage.

When Paul was diagnosed with a potentially life-threatening heart condition, his doctor told him he urgently needed surgery. He also faced the prospect of up to six months off work.

If Paul didn’t have income protection, the couple would have faced the prospect of surviving on Jenny’s income alone. They would also have to pay Paul’s out-of-pocket medical expenses on top of the mortgage repayments and everyday bills.

Fortunately, Jenny and Paul had spoken to their financial adviser about protecting their lifestyle in the event of sickness or injury. As a result, they had both taken out income protection and trauma insurance.

Because he was unable to work, Paul’s income protection paid him a monthly benefit equivalent to 75% of his regular salary until he returned to work. Paul’s heart condition was also an insurable event under his trauma insurance — meaning the couple received a lump sum of $150,000.

This money helped the couple with their mortgage repayments, and pay all of Paul’s hospital bills. It also allowed Jenny to take some unpaid leave to look after Paul at home. To find out more about how you can protect your family and yourself speak to your financial adviser.

Securitor Financial Group
Securitor Financial Group Ltd
ABN 48 009 189 495
AFSL & ACL 240687



Advanced Roof Restoration

We have been associated with Wes Curnow for over 18yrs when we first commenced our business. Wes is a highly professional and trustworthy individual and we are more than impressed with the handling of all aspects our insurance matters.    Wes is very approachable and we have the highest regard for him both professionally and personally   Mick & Flo...

Sherry Thomas

Having experienced 3 events covered under our Risk Insurance. Namely; Death, Trauma & Income Protection. My husband and I have had the fortunate advantage of having Wes Curnow from Maximum Wealth Strategies to guide us through the maze of paperwork and support our claim applications.   We didn’t even realise we were eligible to claim after one such event until Wes advised us he...

Petar Gvozdenovic

I have been dealing with Wes Curnow for a number of years now in relation to my ongoing Income Protection claim. I have found his advice and assistance in relation to the management of my claim nothing but first class. I would highly recommend his services to any one that needed advice in respect to personal insurance knowing that if a claim arose Wes would be there to take you through this...

R and N Lombaert

We have dealt with Wes Curnow as our personal insurance adviser for many years. His insurance knowledge and advice has been of great benefit to us.Wes has been very supportive and proactive especially when we required guidance to take us through the claims process when we needed to make a claim. His service has gone beyond expectations in obtaining the best possible outcome during the years we...

Neil Johnstone

I have been dealing with Wes for over 20 years and have always found he displays a professional image and unquestionable integrity.Recent claims were trouble free due to the explanations of insurance jargon broken down to simple English terms.Nothing is too much trouble for Wes despite his hectic workload. Neil Johnstone

Robyn Sullivan

I was referred to Wayne Barber of Maximum Wealth Strategies when I retired in 2007.Wayne has been an enormous help in everything financial.  I have found Wayne to be very professional and a wealth of information in all aspects relating to money matters in my retirement.Thank you Wayne, Robyn Sullivan

Trevor and Dee Vyner

We have been dealing with Wes Curnow for over 10 years. We have found him to be very helpful and caring. His advice and support to our family has been very much appreciated especially when we needed help to make a claim for a family illness. His ability to make a tough process run smoothly was exceptional. The peace of mind in obtaining money swiftly when it was most needed for our family was a...

Bron & Vyner Smithwick

Rozz Curnow has been our financial advisor for many years.  She has an astute knowledge and perception of the financial climate. She is a caring and ethical person, making suggestions for our financial needs always with our wishes and best interests at heart. She is meticulous and never hurried in her explanations and discussions of financial options.Rozz has helped us with our...

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I was referred to Wes Curnow from M.W.S. eighteen months ago in regards to my income protection claim. During that time Wes turned a mountain of paperwork and legal jargon into an easy manageable process. Wes took out the burden in what was a very stressful time in my life. I could not have managed my claim without Wes's assistance. Wes's professionalism and knowledge is exceptional. I would...