Income Protection Insurance

Income Protection Insurance

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K Partners Accountants & Financial Advisers: Income Protection Insurance

This ability to earn an income is the foundation of financial security and spreads across all areas of life, including family, property, security and debt repayment. 

K Partners provides income protection brokerage services in order to provide advice on determining the best way to protect your income. We work with you to determine the type of income protection policy you require as far as the length of the benefit period, the length of the waiting period, the type of occupation you will be covered for and the amount you are covered for. As part of our advice process we will review and research all providers to ensure we recommend the most suitable policy for you. Our aim is to provide you with the most suitable, most cost-effective based on your occupation and lifestyle.

If you are working full time, you are eligible for income protection insurance. We have helped a large number of clients protect their financial future. Some of the professions we’ve helped in the past:

  • Income Protection for Medical Professionals
    • Doctors
    • Dentists
    • Pharmacists 
    • General Practitioners
    • Surgeons 
    • Anaesthetist 
  • Income Protection for Professionals
    • Engineers
    • Lawyers 
    • Architects 
    • Information Technology 
  • Income Protection for Tradies 
    • Electricians 
    • Plumbers 
    • Builders 

Income protection insurance is essential for providing financial security for individuals and families in case of unforeseen circumstances. The right insurance plan can make an essential difference in the future financial security. 

Schedule a consultation with K Partners to ensure your financial future

Why Should You Choose K Partners Income Protection Insurance Brokerage

Replace up to 70% of your income:

Income protection insurance can replace up to 70% of your income if you cannot work due to an illness or an injury. Benefit payments will begin once you cannot work and after your waiting period, which ranges from 30, 60, and 90 days, but can go up to 2 years. You can select how long benefit payments will continue, upwards of 2-5 years, or be covered until age 65.

The best contract: 

Each insurer offers different contracts as far as the definitions of how you qualify for a benefit payment. We have access to research that will ensure that you are selecting the most appropriate contract for your income and personal situation.  

Review affordable options: 

We have access to a variety of insurance providers, and will compare their cost against your lifestyle before presenting to you. As part of our research, we review insurance that won’t negatively impact your lifestyle or become a burden.

Regular Follow-up: 

It’s important to regularly review the terms of your insurance, especially as income increases or decreases. Changing roles or industries will also impact the sum of the payment in the event of a claim. When you work with K Partners, we will perform regular follow ups and check-ins.

Excellent reputation:

K Partners has an excellent reputation in Melbourne as a reliable insurance brokerage advisory. Our advice in this sensitive and crucial area is based on transparency and informativeness. We ensure our clients are fully informed on all aspects relevant to securing the right insurance.

The right amount of coverage: 

The higher the benefit amount you are insured for, the higher the cost. We perform a detailed analysis to understand the amount of coverage you need to maintain your current lifestyle.

Schedule a consultation with K Partners to ensure your financial future


What’s Ahead: K Partners Income Protection Insurance

K Partners stands on a foundation of transparency. Here’s an overview of what you can expect if K Partners is your income protection insurance broker.

1. Initial Meeting

This meeting will be to determine if you are eligible for and require life insurance cover. As we move forward, we’ll explain how a life insurance policy works and the benefits it provides. When you leave this meeting, you will have all the information to decide if you wish to engage with us.

2. Fact-finding meeting

This is an opportunity to understand your current financial position, including your income, your expenses, your financial position, and your debts.

3. Advice Development

Our team will research available options after you agree to work with K Partners. We use our expertise, experience, research and cutting-edge software to develop your insurance plan.

4. Advice Presentation

During this presentation we review research results and potential strategies and present our insurance advice to you.  This meeting will answer any outstanding questions you may have.

5. Advice Implementation

Once you are comfortable and understand every aspect of the advice, you can ask as to start the implementation process. This involves submitting your application to the insurer and managing it to its completion.

6. Ongoing Review and Support

We understand that circumstances change, and as part of our ongoing services we review your insurance plan on regular basis to ensure it is suitable. In the event of a potential claim we are your main point of contact and ensure that your claim is processed in the most efficient manner.

Contact us to arrange an insurance broking consultation.

Frequently Asked Questions

This will depend on a range of factors including your age, profession, health, hobbies, type of coverage, etc. We are able to provide you with a quick estimate with no commitment to use our advice.

From the day you are born you start acquiring knowledge and develop a range of skills and capabilities. The sum of these allows you to enter the workforce and have an impact on the world and generate income. If you are no longer able to work and generate income your lifetime of knowledge and experience is worth $0. It is the biggest asset you have and by far the most important.

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