by Chris Carter | Aug 7, 2024
Yes, you can still get income protection if you have a pre-existing condition, but: Disclosure: It’s crucial to disclose all pre-existing conditions accurately when applying. Exclusions: The insurer may exclude the pre-existing condition from coverage or charge...
by Chris Carter | Aug 7, 2024
The approval process for income protection can vary, but typically takes: Initial application: Completing the application can take a few hours to a few days, depending on the complexity. Underwriting process: The insurer reviews your medical history, occupation, and...
by Chris Carter | Aug 7, 2024
Income protection policies will be medically underwritten may providers may place exclusions on your insurance such as: Pre-existing conditions: Illnesses or injuries you had before taking out the policy may be excluded. Certain medical conditions: Some policies...
by Chris Carter | Aug 7, 2024
Income protection and life insurance serve different purposes: Income protection: Provides regular payments if you are unable to work due to illness or injury, helping you maintain your standard of living. Life insurance: Pays a lump sum or income to your...
by Chris Carter | Aug 7, 2024
When choosing an income protection policy, consider the following key factors: Coverage level: Ensure the policy covers a sufficient percentage of your income, typically upto 60-65%. Should you not require the full cover, perhaps due to a high disposable income, you...
