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Income Protection

Calculate how much income protection insurance you need to cover your living expenses if you can't work due to illness or injury.

Your Income

$
$
$

Monthly Benefit

$6,250.00

75% of income

Covered annual income$75,000
Monthly benefit$6,250.00
Annual benefit$75,000
Total potential benefit$150,000
Effective waiting period1.0 months
Additional cover needed$6,250.00

Your benefit covers your monthly living expenses.

Important Information & Assumptions

This calculator is a general information tool only and does not constitute financial product advice. It is not intended to be relied upon for the purpose of making a decision in relation to a financial product. You should consider obtaining advice from a financial services licensee before making any financial decisions.

The results are estimates only and are based on the assumptions you have provided. Actual amounts may vary depending on your individual circumstances, interest rates, fees, and other factors not accounted for in this calculator.

All default assumptions used in this calculator can be changed by you. Default values are indicative only and may not reflect current market conditions or your personal situation.

Where results project amounts payable at a future time of 2 or more years, those amounts are not adjusted for inflation and are expressed in today's dollars unless otherwise stated.

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