Income Protection Insurance

When you compare, you save.

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SELF EMPLOYED INCOME PROTECTION

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Being Self-employed is not easy; the last thing you want to deal with is a health issue that prevents you from working. Not all income protection policies are the same when it comes to how they respond at claim time. ACC will offset some policies, and some policies require you to prove your income at claim time. Compare what’s best for your situation as a self employed individual, partnership or company by looking at policy types and insurance companies. When you look at price it’s best done with advice as income protection for the self-employed is complex.

INCOME PROTECTION INSURANCE

DISCLAIMER

Being Self-employed is not easy; the last thing you want to deal with is a health issue that prevents you from working. Not all income protection policies are the same when it comes to how they respond at claim time. ACC will offset some policies, and some policies require you to prove your income at claim time. We like to compare what policy and insurance company is best for you first, then look at the price with advice.  As an example read about indemnity vs agreed value insurance policies.

Mel Ramsay
Mel Ramsay
00:58 03 Jul 22
Lucas was great help. Super friendly, super professional, and made everything really easy. Highly recommend his service.
Angela Betterton
Angela Betterton
13:15 02 Jul 22
Hayley was prompt, thoughtful and helped with everything I needed. I would definitely recommend her to everyone.
Sonam Gupta
Sonam Gupta
21:27 27 Jun 22
Happy customer! Hayley cleared all our doubts and was very professional. I recommend her.
lee ledesma
lee ledesma
00:01 27 Jun 22
Excellent service from Hayley - she gave me simple, easy to understand options that met my criteria. Hoghly recommended!
Karen Sager
Karen Sager
13:25 26 Jun 22
Sean was very patient with us following up in a non pushy way. He was helpful and knowledgeable and was happy to answer lots of questions regarding insurance. Gave us a good amount of information and multiple quotes to view and compare and he had our best interests at heart when discussing with him. He made the application process easy. Haven't dealt with a claim but I can imagine high professionalism with this as well if we need to.
jerin k joseph
jerin k joseph
23:54 23 Jun 22
Hayley is highly professional adviser with no strings attached with her service. Highly recommended
Willow Kingi-Laurence
Willow Kingi-Laurence
23:10 23 Jun 22
Sean and Michelle were great! I was incredibly busy with work and study which meant I was difficult to get in touch with. However, they both persisted and ensured I was signed up on the best insurance plan to suit my needs. Great experience and recommend!
Kat Sree Raman
Kat Sree Raman
00:42 11 Jun 22
Heather Proffit
Heather Proffit
23:50 09 Jun 22
Excellent to deal with. Fast communication, easy to talk to and great results.
shelvin swamy
shelvin swamy
23:30 30 May 22
Hayley was very helpful and listened to what our needs was, her follow up was awesome even though we forgot.Overall very happy with the service and fast turn around. 😀
Vanessa Moss
Vanessa Moss
20:49 28 May 22
Blake provided a professional and knowledgeable service to us. We found Blake to be very patient and gave us the time we needed to mull things over while we made a decision. Thanks Blake.
Maitland Maltby
Maitland Maltby
04:29 26 May 22
Was a bit wary when I contacted them through the website but was supremely surprised by the professionalism of Kyle and the company. All done via zoom and electronic documentation. Kyle worked for us and explained everything in simple to understand language and was very patient with our dumb questions. Can't speak highly enough of the eye opening service and results and would recommend to anyone.
Craig Carmichael
Craig Carmichael
00:49 25 May 22
I found Kyle to be very helpful through this process, open and most importantly, honestWould highly recommend
Dhivya Nair
Dhivya Nair
03:24 20 May 22
Lisa Browne
Lisa Browne
01:34 29 Apr 22
Great service, Kyle explained exactly what I wanted to know and answered any questions I had.. He went through everything in plain English so I didn't get caught up in lots of words sometimes you don't understand.. Very easy person to talk to.. Highly recommended his services..
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Not sure what cover to buy, or the amount of coverage to buy? You may be
self-employed and want to know how income protection works with ACC?
Before you make your decision you can request a call back below and one of our independent authorised financial advisers will contact you and talk through any questions you may have.

Book - Compare Income Protection

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Redundancy Cover & Income Protection Insurance

Redundancy Cover & Income Protection Insurance

Many of you at this time are concerned for your jobs and possible redundancies. This short 60 second video explains to you how redundancy insurance works and the difference between income protection and redundacy cover. This video was recorded March 2020.

Sonam Gupta

sonan
star-v4

June 2022

Happy customer! Hayley cleared all our doubts and was very professional. I recommend her.

Lee Ledesma

lee
star-v4

June 2022

Excellent service from Hayley - she gave me simple, easy to understand options that met my criteria. Hoghly recommended!

Jerin K Joseph

willow
star-v4

June 2022

Hayley is highly professional adviser with no strings attached with her service. Highly recommended

PRICE GUARANTEE

prezzy-card-income-protectionIf you have current income protection insurance or have a current quote, we will guarantee a better price. If we can’t show you a better way to save money or a cheaper policy, we will give you a $200 Prezi Card – subject to terms and conditions.

ADVICE CENTRE

If you would like to speak with a local adviser about income protection insurance, you can book a free consultation via phone or Skype by clicking the BOOK YOUR TIME button below. You will be connected with a registered financial adviser.

ABOUT US

Comparing income protection insurance can be extremely frustrating. This site is designed to give you an idea of what policy may be best for you based on your employment and debt situation.
Comparing insurance companies alone is fine when you’re buying on price for simple insurances such as a car or house. But covering your income in New Zealand is a little different as we have ACC for self-employed and employed kiwis which should be taken into consideration when buying private cover.
We designed this site to break down the four most common outcomes when buying income protection. Once broken down, you will need to get online advice from one of our dedicated advisers who can help structure your cover in the most cost-effective way.

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HOW DOES INCOME PROTECTION INSURANCE WORK?

services-compare-income-protectionWe get asked the question ‘what am I covered for?’ all the time. There are three main categories; not being able to work in your occupation due to ill health, losing your job via redundancy or not being able to work due to an accident.

If you would like to compare income protection insurance, click here.

Ill Health & Accident Cover: Income protection covers you for both accidents and ill health claims. You can’t claim ACC and certain types of Income protection together. Although ACC is compulsory for all working New Zealanders, the self-employed have the option to elect their cover levels, whereas being employed you cannot.
Redundancy Cover: This cover is generally limited to a six-month benefit, i.e. if you lose your job, you receive a replacement income for up to six months. However, if you know your job is on the line, you can’t take out this cover, and if your company is on the brink of receivership or liquidation, most insurance companies will have already red flagged your company (or even industry) as an exclusion.
Accident Cover: Whether you like it or not, we all pay ACC if we’re working. If you are employed, ACC will pay you 80% of your income based on your IRD information. If you are self-employed it’s a little different – you are also paid on your income, but as we all know, it depends how your accountant has structured your income, e.g. have you split your income with your partner? Be aware that if you have an accident, ACC will pay you based the amount you stated in your last annual return.
As ACC is a complex monster, you need to seek advice from an adviser who can show you how to structure your policy – for free!

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