Income Protection Claims
Income Protection Claims or Salary Continuance Claims
There are benefits payable to individuals that have ceased work due to injury or illness. These benefits are different to TPD benefits because they pay monthly benefits for as long as an individual continues to be unable to work because of injury or illness.
These benefits can be paid for 2 years, 5 years or even up to 65 or 70 years of age depending on the policy terms and conditions.
Benefits can be paid at the full rate when an individual is Totally Disabled from all work. Or they can be paid at a Partial Disability rate, where an individual is able to do some work, but not the same level of work that they did before they got sick or injured.
Like TPD benefits, income protection or salary continuance benefits can provide much needed financial relief to those that are injured or ill.