The Income Care range is closed to new business (except continuation options and replacements). Existing customers can still increase, decrease, add options and obtain replacement policies. They will also continue to receive product improvements to ensure they provide ongoing valuable, contemporary protection.
Note: Existing clients aren’t able to change indemnity Income Care Super to agreed value effective 1 April 2020.
Income protection products include Income Care, Income Care Plus, Income Care Platinum, Income Care Super (within Total Care Plan Super), Essential Cover (for accidents only), Income Protection (within the SMSF Plan) and Business Overheads Cover.
Income protection pays up to 75 per cent of your clients' income when they’re unable to perform all or part of their occupation due to injury or illness.
Business Overheads Cover helps pay your clients business’s regular fixed operating expenses while they’re unable to work.