Income protection calculator
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Choose one of three types
Each type provides a different level and style of cover. Your adviser can help you decide which suits your situation.
Agreed Value
Locked in at application
Enter your income above
- •Benefit locked in at application. Guaranteed payout
- •No income proof required at claim time
- •Ideal for variable or unpredictable income
- •Tiered calculation means lower % on higher earnings
Indemnity
Income tested at claim time
Enter your income above
- •Up to 75% of your actual income
- •Income must be proven at claim time
- •Benefit can reduce if your income drops
- •Benefits are taxable
Mortgage Protection
No ACC offsets
Enter your income above
- •No ACC offsets. You receive ACC and mortgage benefit simultaneously
- •Does not require a mortgage. Can be based on rent or 45% of income
- •Can be combined with standard IP up to your total entitlement
Disclaimer: This calculator shows maximum insurable benefit amounts based on standard insurer rules. Actual entitlements may vary by insurer and individual circumstances. Premiums are not shown as they depend on your age, health, occupation, wait period, and benefit period. This is not financial advice or a quote.