Income Protection Insurance

Have you ever thought what would do if you were seriously sick? Does it mean your income stop?

If you have, then this page is for you. This page is designed for you if you want to take your destiny in your own hands.

Would you agree that needs & wants of 25 year old somewhat different to someone who is 40? This page is designed that you scroll it down and read information which applicable to your age.

Income Protection Insurance

It is going to pay you in the event you are temporarily disabled (cannot work due to sickness). There are thousands of reasons why you can be sick during your working life, any imaginable sickness is going to trigger the policy and this is why I think Income Protection Insurance is the most important policy for you.

I want to discuss my Income Protection

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In New Zealand Income Protection Insurance can be structured in two ways:

  1. Income Protection Insurance which is designed to pay you 55% of your pre-disability income. This option is called “Agreed” value”. This type of policy is going to be underwritten by the insurance company on the day of application on the base of your existing income. ”Agreed” means that you are going to be told from day one how much would you be able to get in the event you cannot work.
  2. “Indemnity” is the most popular option for Income Protection Insurance in New Zealand. Policy pays 75% of your pre-disability income. 75% of your income confirmed on the day of claim.

Let me compare Income Protection options: In “agreed” option amount of your benefit is established by the insurer on the day of application therefore you know exactly how much you would get paid in the event you cannot work due to sickness. On the other hand, “indemnity” is when amount of your benefit is established on the time of claim. Agreed value Income Protection Insurance usually cost more even it pays less.

In New Zealand Income Protection Insurance is designed to make sure that the person insured is going to come back to normal employment as soon as possible.

Cheap Income Protection Insurance? Is it possible? Yes!

By structuring waiting period in accordance with your financial situation, you can make your Income Protection Insurance policy very affordable.

*All premiums shown in this page for information purposes only & based on non-smoker rates for office workers.

Cheap Income Protection New Zealand - it is possible and easyIncome Protection Insurance offers specified waiting periods during the time of waiting period you do not receive money and the longer period is the cheaper the policy became. Income Protection insurance has two weeks, four weeks, eight weeks, thirteen weeks, twenty six weeks, fifty two weeks and two years of waiting periods.
If something happen and you are “on claim” you would start to receive payments after a waiting period you choose (between two weeks and two years).

Testimonials from our existing clients

Vlad does everything for you from start to finish to achieve top result

We have been with Vlad Ivanov for a few years and we are very happy with all aspects of insurances he does for us. Vlad offers professional and prompt service and is a nice person to deal with. If you require to do a claim then Vlad does everything for you from start to finish to achieve top result and hassle free experience for the client. I can highly recommend Vlad to people who are thinking about any type of insurance.

No photo
5.0
2016-04-19T15:12:45+12:00
We have been with Vlad Ivanov for a few years and we are very happy with all aspects of insurances he does for us. Vlad offers professional and prompt service and is a nice person to deal with. If you require to do a claim then Vlad does everything for you from start to finish Read more →

Exceptional service and an invaluable help!

I would like to thank Vlad Ivanov for an exceptional service and an invaluable help.  As our family Medical insurance adviser and agent he is providing an outstanding service. Vlad Ivanov is professional, very helpful and always there if we need. I greatly appreciate his genuine care of our family health and attention to details. He make any insurance processes quick, seamless and smooth. We look forward to a long relationship with Vlad Ivanov.

Alina Antsiferova
5.0
2016-04-19T15:05:56+12:00
I would like to thank Vlad Ivanov for an exceptional service and an invaluable help.  As our family Medical insurance adviser and agent he is providing an outstanding service. Vlad Ivanov is professional, very helpful and always there if we need. I greatly appreciate his genuine care of our family health and attention to details. Read more →

Vlad offers professional and prompt service

Vlad Ivanov has been our family insurance broker for almost 2 years. He offers professional and prompt service and is a nice person to deal with. I can highly recommend Vlad to people who are thinking about any type of insurance.

No photo
5.0
2016-04-19T14:58:11+12:00
Vlad Ivanov has been our family insurance broker for almost 2 years. He offers professional and prompt service and is a nice person to deal with. I can highly recommend Vlad to people who are thinking about any type of insurance.

Vlad managed to get sorted for me a medical claim for a surgery in Australia

We have been with Vlad for a few years now and we are extremely happy with all aspects concerning our insurance. Vlad goes above and beyond to insure the best outcome for his clients, he guides you from the start to the finish line of your insurance claim (if one needed). Vlad is so nice, helpful and genuinely cares about the client that every experience has been very hustle free. Recently, I had to get a very prompt confirmation for a medical claim for a surgery I had to undergo in Australia - I could not believe how Vlad managed to get everything sorted for me in such a short time and with an outcome that I’ve never even expected! I highly recommend Vlad to anyone who requires any type of insurance. Thank you Vlad.

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Olga Kozlova

Administrator at Eastern Rentals

5.0
2016-04-19T11:47:46+12:00

Olga Kozlova

Administrator at Eastern Rentals

No photo
Vlad is so nice, helpful and genuinely cares about the client that every experience has been very hustle free. Recently, I had to get a very prompt confirmation for a medical claim for a surgery I had to undergo in Australia - I could not believe how Vlad managed to get everything sorted for me in such a short time
5.0
4

I want to discuss my Income Protection

My Name*

My Email*

My phone number*

Best Income Protection insurance?

Your personal circumstances & your lifestyle determine which Income Protection Insurance is better for you.

If you are 25 years old today you need to think about your monthly income for next 40 years or if you are 50 today you need to think only about next 15 years. 

You can choose specified period your benefit is going to be paid for. The options for the benefit period: two years, five years, or until you reach 65. The longer period the higher, the premiums you would pay for your Income Protection Insurance. According to New Zealand insurance companies’ majority of people on Income Protection Insurance claims would be back to work during two years period.

 

 

If you are 25 years old and want to insure your income for instance of $3,000 monthly benefit with 13 weeks waiting period your insurance premiums would be

 Benefit periodMonthly premium
 Fidelity LifeAMP
Female2 years$27.89$46.83
5 years$33.14$56.67
up to 65$43.69$76.45
Male2 years$20.76$28.27
5 years$24.26$33.06
up to 65$31.30$43.70

If your age is between 26 and 29 please click on learn more button to be taken to specific page which is going to provide you with premiums in accordance to your age.

Learn more

If you are about 30 years old and thinking about insuring your income of $3,000 monthly benefit with 13 weeks waiting period your insurance premiums would be

 Benefit periodMonthly premium
 Fidelity LifeAMP
Female2 years$27.81$52.59
5 years$33.62$62.58
up to 65$46.19$80.03
Male2 years$20.70$29.88
5 years$24.58$35.05
up to 65$32.96$45.79

Is your age somewhere between 31-34? If “Yes” please click “learn more” to see a comparison which is made for you.

learn more

 

 

 

If you are 35 years old and you want to make sure if something goes seriously wrong you get $3,500 monthly benefit with 13 weeks of waiting period your insurance premiums would be

 Benefit periodMonthly premium
 Fidelity LifeAMP
Female2 years$35.83$64.71
5 years$45.31$76.97
up to 65$67.17$103.27
Male2 years$22.80$34.11
5 years$28.60$40.12
up to 65$40.21$50.57

Are you someone who is 36 to 39 years old and want to see how income protection cover premiums look like? Click the big “green” button to learn more- the new page is going to provide you with comparison premiums applicable to your age.

learn more

If you are 40 years old, have kids & a mortgage you want to have peace of mind that $4,000 monthly benefit with 13 weeks of waiting period will be paid to you. Your insurance premiums would cost:

Benefit period Monthly premium
Asteron Life AMP
Female 2 years $63.02 $69.31
5 years $81.45 $81.88
Male 2 years $38.20 $47.60
5 years $49.37 $55.30
 

 

 

If you are 45 years old and possibly have a couple of mortgages you want to be certain that at least $5,000 monthly benefit with 13 weeks of waiting period will be deposited into your bank account. Your insurance premiums would be

Benefit period Monthly premium
Asteron Life AMP
Female 2 years $95.94 $102.40
5 years $130.20 $117.68
Male 2 years $63.97 $68.74
5 years $86.80 $79.39

 

Are you 50 years old and thinking how would your income protection premiums look like? If you want to insure $6,000 monthly benefit with 13 weeks waiting period your insurance premiums would be

Benefit period Monthly premium
Asteron Life AMP
Female 2 years $146.82 $143.80
5 years $208.04 $191.29
Male 2 years $101.28 $100.41
5 years $143.49 $132.21
 

 

 

Income protection from Fidelity Life, Asteron Life & AMP

Personal Income protection quote

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 smoker non-smoker

Benefit period

Waitnig period

Monthly Income

Insurance policy normally packed with additional benefits for the person insured and designed to reward you to come back to work. For instance, if you go back to work, but cannot work to the same level as before, you may receive a monthly amount to top up your earnings.

There are some policies to reflect certain conditions such as if you are bedridden for more than three days in a row during your waiting period, the policy would pay you an amount that would have been paid to you if you were totally disabled. It is calculated on a daily basis and would pay you for each day you are bedridden during your waiting period (for a maximum of 91 days).

To help you make full recovery, some of the policies may pay a lump sum (up to 12 times the monthly benefit payable if you were totally disabled) to go towards approved costs for treatment to help you to recover.

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