CommInsure Protection: Income Care Income Protection

There are two levels of Income Protection cover available within CommInsure's Income Care product. Basic cover offers affordable income protection, which replaces up to 75% of your income if you are unable to work for a while due to injury or illness. You may be able to claim a partial payment if you can work in a limited capacity. You can use this money to cover your ongoing living expenses and any medical costs until you start earning fully again.

Income Care Plus includes a number of additional features to help you get back to work. You can't hold Income Care Plus through your superfund, but the basic policy can be structured within your superannuation and can be packaged with optional Life Care and TPD cover. Outside of super you can combine income protection with business overheads insurance if you are self-employed or own a business.

Whether you buy Income Care or Income Care Plus insurance, you can choose an agreed value or an indemnity value policy. This could have a big impact on the amount of money you receive if you make a claim. If you choose an indemnity policy and your income has dropped by the time you need to claim, you will only receive up to 75% of your earnings during the 12 months before your accident or injury. Agreed value policies will have higher premiums but the amount you are able to claim is set at the time you take out the policy.

The comprehensive selection of additional benefits offered with the Income Care Plus cover includes:

• Extra payments to cover the cost of attending a rehabilitation program.
• Travel expenses to help you get home if you are taken ill or injured overseas.
• Home assistance or domestic benefits to cover the cost of child care or household help while you recover.

You may only be able to claim one of these additional benefits at a time.

For full details of the CommInsure Protection range of life insurance products you can download the Product Disclosure Statement here.