Chris' Income Protection Insurance Story
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“Owning my own company is stressful enough without having to worry about making ends meet if I can't work.” |
Chris owns his own catering business having worked as a Chef for the last 10 years. He’s focused and driven, and now earns $100K per year providing catering for weddings and events. At 34 he’s thrilled to be self-employed, he loves the independence, the ability to work his own hours and the entrepreneurial buzz he gets from having his own business. Last year he bought a house and has a mortgage of $20,000 per annum.
Chris’s accountant told him about his need for Income Protection when he set up his business – if he was suddenly not able to work due to illness or disability, he would not be able to pay his mortgage. Chris found searching for Income Protection insurance a confusing process, having been told that there were multiple products in the market. He was also unsure about who was the best insurer. He met with a Canopy adviser and together they discussed his situation, all the available products and the various insurers.
They compared the different plans and worked out which would be the most suitable product for his needs. Chris was surprised by the number of options available to him, but felt that he had assessed all of them (and found the best insurer) with the help of his Canopy adviser.
Chris’s accountant told him about his need for Income Protection when he set up his business – if he was suddenly not able to work due to illness or disability, he would not be able to pay his mortgage. Chris found searching for Income Protection insurance a confusing process, having been told that there were multiple products in the market. He was also unsure about who was the best insurer. He met with a Canopy adviser and together they discussed his situation, all the available products and the various insurers.
They compared the different plans and worked out which would be the most suitable product for his needs. Chris was surprised by the number of options available to him, but felt that he had assessed all of them (and found the best insurer) with the help of his Canopy adviser.
Find out more about our insurance policies
Ready to start thinking about an insurance policy? Remember, we are here to help every step of the way.
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Personal Life Insurance
Life insurance is the most important personal insurance option.
If you die or are diagnosed with a terminal illness that leaves you with less than 12 months to live, your family will receive a lump sum. Find out more |
Total and Permanent Disability Insurance
Total and Permanent Disability insurance gives you the peace of mind
that if you are unable to work due to disability, you will receive a lump sum payout. Find out more |
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Trauma Insurance
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Income Protection Insurance
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Trauma insurance (sometimes called Living Assurance or Critical Illness cover) pays out a one-time sum of money in the event of a life-altering sickness or stroke. This is designed to provide financial support during a recovery period.
Find out more Mortgage Protection Insurance
In the event that you are unable to work because of a serious injury or illness, this cover will pay your mortgage payments for you until you can return to work.
Find out more |
If you are unable to work due to illness or an accident, Income Protection insurance will ensure that you can still pay your living expenses.
Find out more Medical Insurance
Medical insurance means that you can access the best of medical care when you need it most. Talk to us about what is right for you and your family.
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Arrange a consultation with one of our advisers. We will help you decide what is the right insurance for you and how much cover you will require. |
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