Income Protection for White Collars Professionals

Professionals are income-generating assets. Income stops after death, physical disability or serious health problems. Every day, 220 Australians are diagnosed with cancer, 132 suffer major coronary attacks, 47 undergo bypass surgery, 53 undergo artery angioplasty and 34 under age 65 suffer their first stroke^[1]. 40% do not have life insurance, 63% do not have income protection, 47% do not have TPD and 79% do not have Trauma cover^[2].

This Financial Planning seminar will explain the benefits of:

• Replacing up to 75% of pre-disability income + superannuation option
• Inflation protection of cover and benefits
• Transportation and evacuation to medical facilities in Australia
• Approved rehabilitation programs to assist your return to work
• Partial disability and support to start part time work again
• Elective surgery and specific injury benefits
• Agreed Value contracts versus Indemnity contracts
• Family Care Options and Spouse Cover Options, etc
• Extra Special benefits for medical professionals
• Overheads business costs cover for Partners in Professional Practice
• The danger with non-Australian policies from the 24 month clause with professional occupations.

If you have a large mortgage to buy property or business finance, you need a policy that will pay income protection up to age 65. Different insurers provide different benefits. Understanding the benefits that you are paying for, is critical to receiving the right care and support, when you need it most.

Our speaker Ross Smith, Authorised Representative, Professional Investment Services has more than 20 years experience and deep insights into the effectiveness of Income Protection to meet the needs of top performing professionals and their dependant families. Ross is a Certified Financial Planner (Australia), serving Australians in Hong Kong since 1999.

^[1] Source: Australian Institute of Health and Welfare
^[2] Newspoll, February 2004 (PIS Website, Accountant’s PD Day, April 2006