INCOME PROTECTION

Income protection protects you and your family by providing an insured benefit when you need it most. If you can't work due to injury or illness, your mortgage, bills and expenses still need to be paid.

 

Key criteria include:

 

• Income protection is automatic for eligible Salarylink members. Income protection is optional for all other members and subject to the insurer's requirements (including evidence of health).
• You must have Death and TPD cover to be eligible for Income protection.
• For Marketlink members cover is in units of $500 per month subject to a minimum of 2 units per month, meaning the minimum cover that can be purchased is $1,000 per month ($12,000 p.a.)
• Cover is subject to a maximum benefit of the lesser of 75% of salary or $20,000 per month.
• A 90 day waiting period applies.
• Maximum payment period of 24 months.
• Proof of hours worked will be required when you lodge a claim.

 

For details regarding the exclusions and acceptance criteria that apply please refer to the Marketlink Product Disclosure Statement or Salarylink Member Guide.

 

Income protection insurance premiums for Marketlink members are listed in Fact Sheet FS15 - Insurance - Marketlink.