What is income protection insurance – and how’s it different to total and permanent disability insurance?

Journal Contribution ResearchOnline@JCU
Driver, Tania
Abstract

Many of us have car insurance, home insurance and health insurance. But what about income protection insurance? Having income protection insurance means that if you get sick or injured and can’t work, you’ll still get paid. The insurance company will cover a portion of your earnings, so you can still pay everyday living expenses and bills. But how exactly does income protection insurance work, and how’s it different to total and permanent disability insurance (sometimes shortened to TPD)? Here’s what you need to know.

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The Conversation

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2201-5639

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4

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Conversation Media Group

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The Conversation Australia

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