WebSep 7, 2024 · Income protection pays out a percentage of your earnings before income tax, usually between 50% and 70% – and all payments are free of income tax. You can sometimes get a policy that pays out a higher percentage of one portion of your salary, and less on anything above that. How do I know if income protection insurance is right for me? WebOur Income Protection Direct supplemental insurance plan is simple. It pays a monthly cash benefit directly to you for up to 12 or 24 months during times when an accidental injury …
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