Income protection
Income Protection Insurance
Income protection replaces a portion of your income if illness or injury keeps you out of work. Typically up to 70% of your pre-tax income, paid as a regular benefit, so essential bills keep getting paid while you recover.
Why it matters
Why income protection matters
Your income is the engine that funds your mortgage, your family, and your lifestyle. If illness or injury takes that engine offline, income protection keeps the bills paid. It is one of the most under-used and most valuable covers for working Australians.
Who it is for
- Anyone who depends on their salary to pay bills
- Self-employed Australians without sick leave
- Sole earners in their household
- Tradies, doctors, lawyers and other professionals
Cover benefits
What's included
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Up to 70% income replacement
Regular monthly payments that replace a defined portion of your pre-tax income while you cannot work.
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Flexible waiting periods
Choose 14 to 90 days. Shorter waits cost more in premium; we help you pick what fits your buffer.
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Cover that adapts
Adjust the benefit as your income changes, so cover keeps pace with your life and career.
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Tax-deductible premiums
Premiums are generally tax-deductible when held outside superannuation. Always confirm with a tax professional.
How it works
How to get started
Three steps from first chat to cover in place. We handle the heavy lifting; you stay in control.
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No obligation online consultation
Schedule a free 30-minute consultation over Zoom with a senior Safety Nest adviser. We listen first, then explain your options.
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Personalised recommendations
Based on your unique situation, we'll provide personalised insurance recommendations across our panel of leading Australian insurers.
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Application and underwriting
Our team handles the paperwork and walks you through underwriting end-to-end, so cover is in place without the run-around.
I couldn't be happier with the service provided by Safety Nest. They made the process of getting insurance easy and stress-free.
Common questions
Frequently asked questions about income protection
- What does income protection cover?
- Income protection replaces a portion of your income if you are unable to work due to illness or injury. Payments continue while you are off work, up to the benefit period defined in your policy.
- How much of my income can I cover?
- Typically up to 70% of your pre-tax income. The exact percentage depends on the insurer and the policy. Your adviser will model what works best for your budget and obligations.
- How long do payments last?
- Benefit periods range from two years to age 65, depending on the policy. Longer benefit periods cost more in premium, but provide more protection if a serious injury or illness keeps you out of work long-term.
- How soon can I claim?
- Most policies have a waiting period between 14 and 90 days from when you stop work. Shorter waiting periods generally cost more in premium.
- Is income protection tax-deductible?
- Premiums for income protection held outside superannuation are generally tax-deductible. Tax treatment can differ inside super. Always check with a tax professional for your situation.
Get started
Secure your family's financial future
Speak with a senior Safety Nest adviser. No obligation, no pressure, just clear advice.