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income protection insurance

income protection insurance

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Get income protection insurance here for up to 8 major income protection insurers in nz

We bring you the best priced income protection insurance in NZ

Find out which policies are the best available at the moment for Income Protection insurance

Our goal is to get your claim paid when you need it, we want our clients to get the most they can from their income insurance

Don’t waste your time looking through many websites if you want the best policies at the best prices and a team who will look after you for many years to come then….

Fill in the form now to get quotes and information for Income Protection Insurance.

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Income Protection Insurance protects your most valuable asset.. your income, you can’t afford to live without an income

We quote and organise your Income Protection Insurance with these insurersprovider logos


  • Income Protection Insurance will pay you money every month when you become unable to work in your usual job.
  • You can insure up to 75% of your pre-tax income.
  • Income protection insurance pays you money if you are unable to work in your usual job due to medical problems, sickness or disease, or have had an accident.
  • Ongoing expenses like, rent or mortgage payments, power phone internet and groceries can be paid when you have income protection or salary insurance.


Get the best Income Protection Insurance in NZ at the best price, and don’t waste time looking through many websites for income protection insurance.

Confused about income protection ? Don’t know which company to take ? We are here to help

Click here to get QUOTES and we’ll call you back to help work out the differences and then email you the best income protection insurance quotes

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Why you should have Income Protection Insurance ?

Have you worked out how much money you earn over a lifetime ?
Work out how many years until you reach age 65, then multiply that number by your annual salary or wage.


A 35 year old who is earning $1,000 per week or more has 30 years of work ahead.

That’s a total of $1,560,000 ! (excluding wages rises and inflation)

You see that your future income is going to be a lot of money.
Most people only have enough money to live without an income for 3 or 4 weeks, is that you ?
Income Protection Insurance is going to make sure you continue to get paid money every month until you can go back to work.

It has been proven that your recovery will be a lot quicker if you are not stressing out about how you will pay the bills while you cannot work.
Income Protection Insurance pays you money if you cannot work due to medical problems, sickness or disease or if you are injured and ACC will not pay.

What will happen when you get a medical problem, get sick or injured and you cannot do you job for a long period of time ?
The answer is that you will stop making money, and without any money it is not easy to live, pay the rent or mortgage or buy food.
Thats why it is important to have Income Protection Insurance in NZ.
Did you know that at some stage during their life, 2 out of 5 working people will be become disabled for at least 6 months due to medical problems, sickness or disease and accidents.
That means at some point in your working life there’s high chance this might be you.


How does Income Protection Insurance work ?

If you are unable to work in your usual job for more than 10 hours per week Income Protection Insurance will pay you money every month until you can go back to work again.
That means going back to your usual occupation (the one you were doing when you became disabled) not just any job.

You can get paid up to 75% your income, we will help you work out how much you need your income protection insurance to pay you.
We help you balance that with how much you can afford to pay for your income protection insurance.
Many of our clients don’t insure the full 75% of their income, we help them work out how much money they need each month to cover their expenses.
Our philosophy is not to over insure people beyond what they can afford.

  • Everyones situation is different, for example
    Many people are the main income earner, so the whole family relies on the one income.
    Others are single people and there is no-one else to help support them if they cannot work.
    Most couples need both incomes to make ends meet, and cannot afford to live on one income.

Income Protection Insurance or (Salary Protection) protects Wage & Salary earners, and Self Employed people who work more than 20 hours per week.
Each insurance company has different criteria, if you work between 20 and 30 hours per week we will find the best company for your situation.

Not all income protection coverage is created equal. Some policies are framed in a way to give you the impression that they will protect you if you find yourself out of work – but reality often plays out differently. But at Ease Insurance Brokers, we have worked to create what we believe is the best income protection insurance in New Zealand. The terms are straightforward, and the benefits are difficult to deny.

Here’s how it works. Suppose that – for reasons out of your control – you are unable to work at your current job for more than ten hours per week. This could be due to medical problems, sickness or an accident. In this case, your income protection cover will begin paying you a benefit every month until you are able to go back to work again.

You will start getting paid your income protection insurance after the Wait Period.
An income protection wait period is the length of time you have been unable to work before the insurance company will start paying you.
We can help you can decide when this starts when we organize your income protection insurance.
Wait periods can be 1 month, 2 months, 3 months, 6 months, 12 months or 24 months.
Your choice of wait period will affect the price, for example a 1 month wait period is going to cost more than a 3 month wait period.


Our Income Replacement Insurance Offers Substantial Benefits

You can receive up to 75% of your standard income, ensuring that you don’t have to worry about whether or not you’ll be able to make ends meet. And this benefit will continue until you are back into your usual line of work.

And when we say ‘usual line of work’, that means the actual occupation you were performing until you were abruptly taken out of the workforce. There is no need to compromise and accept a position that doesn’t make use of your particular skill set.

With insurance from Ease Insurance Brokers, you can take the time you need to recover so that you can return to the career you really enjoy. There’s no reason to worry about whether you can afford to take the time needed to stage a full recovery.


How long will Income Protection Insurance pay me ?

There are several options available when you take out your income protection insurance policy.
As long as you keep it paid, your income protection policy will continue until you reach age 65 or 70.
But that is not always the length of time you will get paid if you make a claim.

Income Protection Insurance can pay you for up to 2 years, 5 years or to age 65 or 70 or until you are able to return to your usual occupation.

If you choose a 2 year benefit period, that’s how long the policy will continue to pay you while you cannot work.
In terms of cost, a 2 year benefit period is going to cost less than one the pays you until age 70.

Getting back to work.
In addition to paying you an income, your Income Protection Insurance will also pay to help rehabilitate you back into work.
Most of our companies will also make partial payments if you can work limited hours, this means you can go back to work on limited hours and the income protection insurance will top up what you are earning until you return to full time hours.


Government Benefits May Not Offer the Protection You Need

Don’t make the mistake of assuming that government benefits and ACC will provide you with sufficient coverage. Government benefits often work out to less than $200 per week – and that could dwindle to zero if your partner has an income. Meanwhile, ACC benefits only cover accidents and not medical issues or sickness. In fact, even if you have an accident, they may determine that it occurred because of an illness.

In other words, they’re looking for reasons to withhold benefits.

But that’s not the case with our personal income insurance. We understand that your income is your livelihood, and we intend to help you protect and preserve that.


It won’t happen to me
If you think “It won’t ever happen to me” think again, nobody in this world is exempt from getting sickness or disease, and there is no warning of getting sick.

For medical conditions lasting or likely to last longer than 6 months, neck or back disorders were reported on 24.2% of those surveyed (755,100 adults).  Quoted from Ministry of Health (2008). Portrait of health: Key results of the 2006/2007 NZ health survey. Wellington: Ministry of Health

Indemnity – Income Protection Insurance NZ
If choosing this type of policy, you must be aware of how it was designed to work. Like with all forms of Income Protection, the policy can pay up to the monthly amount that has been insured, but cannot exceed 75% of your pre-disability income. An Indemnity income protection insurance NZ policy is usually easy to get because you do not need to show the insurance company any evidence of income. However, when you need to claim on your policy the insurance company will require proof of income.
This should be fairly straight forward if you are a salary of wage earner on a regular income. If you are Self-employed or paid commissions as part of your income, your income may have changed since the time you took out the policy, and if your income has reduced the insurance company will only pay you 75% of your actual income and not the amount insured. It is important to consider how your income may change over the coming years, and whether an Indemnity Income Protection Policy is the right one for you.

Agreed Value Income Protection Insurance NZ
Agreed Value policies differ from indemnity policies. As the name suggests, with this income protection insurance nz policy the insurance company ‘agrees’ to the monthly benefit at the time of the application. The amount of insurance cannot exceed 55% of taxable income, and you are required to provide the insurance company with proof of income when you apply for the cover. The insurance company will agree to the monthly benefit at application, and the amount is locked into place. Both the insured and the insurer know exactly how much money will be paid each month if a claim is made, and the good news is that the insurance company will not ask for proof of income at claim time.
This provides certainty at claim time, especially for someone who is self employed. A Self employed person would simply provide 3 years of financial accounts at the time of application so the insurance company can satisfy itself of the persons taxable earnings. You do not have to be self employed to get this policy, it is available to someone on a salary or wage also. If you are over age 61 unfortunately it is too late to get income protection, however most people at this age will take out a Trauma Insurance policy, see our page on TRAUMA

Have you just started up a business ? Income Protection for a New Business

We have an Agreed Value income protection insurance for people who have just started up in business.

Usually the insurance company and ACC will require you to have a 2 or 3 year trading history before they will pay a claim.  This is not possible when you have just started out in business.  This new to business income protection insurance policy sets the amount that is paid per month up front when we apply for the cover. This means you don’t have to prove your income when you make a claim, and that would be difficult to do if you have only been in business for less than 2 years.

Request a quote and we will send you information and pricing on this special income protection insurance policy.


Let Our Professionals Guide You in Choosing the Best Income Insurance Policy

If you are interested in taking advantage of this coverage, our representatives can guide you through the process and help you compare income protection options. The best coverage will take into account your current savings, as the extent to which you are able to cover your own expenses whilst out of work will affect the policy you choose.

But of course, your monthly budget must also be taken into account when choosing a plan with an appropriate premium. In that sense, a proper income protection insurance comparison is a bit of a balancing act – and it’s something that our team have mastered. Our goal is to never insure a client beyond what they need and are capable of affording. Let us help you find a bespoke solution for your personal requirements, and we’ll ensure that you receive the perfect benefit level for your current situation.



Occupation Types not able to get income protection

Income protection is available to most occupations but not some, such as Aircraft Pilots, Commercial Fishing Vessel Captains, professional sports people and some other. If you are not sure just request quotes and we will work it out for you.


Free Built-In Benefits with Income Protection Insurance NZ.

Income Protection Insurance NZ is designed to pay you up to 75% of your income if you suffer from a sickness or have an accident and you cannot work.
However there are some additional built in benefits in most income protection insurance nz.

Bed Confinement Benefit in income protection insurance.
This is built into most of our insurance companies income protection insurance.
This benefit pays you 1/30th of your income protection for each day you are confined to bed during your waiting period.
This means your income protection insurance starts paying you money sooner, from day 1 if you are in hospital and you don’t have to get through the wait period.


Income Protection Insurance Policy Wordings


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Case Study – Dave

Dave started his own business in 1995 working as an auto glazier, having had 14 years experience in the industry. In September of 1996, at the age of 30, he suffered a lower back injury which put him out of work.

Dave’s Disability Income Cover meant he was entitled to an agreed value benefit of $2,000 per month, after a four week waiting period. Dave was paid $1,374.22 per month, which is the agreed value benefit less the payments he received from ACC. However, in June of 1997 his ACC payments ceased, so his income protection payments increased to $2,025 per month. Dave’s injury was such that he will not be able to work as an auto glazier again.

He has, however, commenced a computer course at the Bay of Plenty Polytech. For this, the insurer paid the course fees of $2,445 pursuant to the Retraining benefit.

Case Study - Dave September 28, 2015

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