Keith does the daily grind and earns $145K per year as a senior manager at an IT consultancy. He has a pretty low chance of illness or injury, however he wants to protect himself, his partner and his 2 ½ year old daughter Amelia.
Thanks to SAVEU, Keith only pays a $70, tax deductible premium per month for income protection.
If in 10 months he gets injured and needs to take time off work for 3 months, he would have paid $700 to protect his family's income, and would be able to claim $18,125 for his time off work.
Are you a white collar professional? SAVEU can help you protect your income and your family.How was this calculated?
It was based on the following information:
Smoking status: Non smoker
Occupation: IT Manager
Income: $145K per annum
Monthly benefit: $9,062
Premium structure: Stepped
Waiting period: 30 days
Benefit period: 2 years
Calculation date: 20 February 2015