INCOME PROTECTION

INCOME PROTECTION

Why do I need income protection insurance?

Your ability to earn an income is your most important asset. An average income earner will earn over $1.4 million throughout their working life, if disability prevents you from working for a prolonged period of time the financial implications can be devastating for you and your family.

Let’s protect your family together.

Income protection insurance provides a replacement income of up to 75% of your pre-disability earnings. This monthly benefit is designed to replace a significant portion of lost income to help maintain you and your family’s lifestyle during treatment and recovery. Here at Smiths, we work with industry leaders to find the ideal policy that fits your needs.

Secure your world, your way.
Explore tailored income coverage that suits your life.

 FAQs

  • The benefit payment period can vary and is specified in the policy. It can range from a few years to until the policyholder reaches retirement age. Some policies offer short-term coverage, while others provide long-term or even lifetime benefits.

  • It's advisable to consider income protection insurance when you have dependents or financial responsibilities. It can be particularly important if your employer does not offer sufficient disability benefits or if you are self-employed.

  • The income protection wait period, or elimination period, is the duration you must wait after becoming disabled before you start receiving benefit payments from your insurance policy.

  • The choice of the wait period depends on your financial situation and ability to cover living expenses during the waiting period. Consider factors such as savings, sick leave from work, and other potential sources of income.

  • I have trusted my insurance needs to Craig Smith of Smiths Insurance & KiwiSaver for a number of years. They have served me and my family well, knowing that we are well covered with the best policy on the market if the unexpected was to happen.

    Steve Kennedy / Director, EQ Consultants

  • I have been working with Craig Smith as my insurance broker for the past 10 years and I have nothing but great things to say about him. He is knowledgeable, professional, and always available to answer any questions I have. He has helped me find the best insurance coverage for my needs at the best price. I highly recommend Craig Smith as an insurance broker.

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  • I have been working with Craig Smith as my insurance broker for several years now and I have always been impressed with his reliability and efficiency. He is always available to answer any questions I have and makes sure I get the best coverage for my needs. I highly recommend Craig Smith as an insurance broker.

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  • I have had the pleasure of working with Craig Smith as my insurance advisor. He was incredibly reliable and professional throughout the entire process. He was always available to answer any questions I had and made sure I was fully informed of all my options. I highly recommend Craig Smith.

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  • Craig Smith really adds value service and understands the industry well. Give him a try he won’t let you down.

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