Income Protection Insurance

Q: Can I still receive income protection benefits if I work part-time during my recovery?

Yes, many income protection policies allow you to receive partial benefits if you return to work part-time or in a reduced capacity during your recovery. This flexibility helps ease the transition back to full-time work while still providing financial support. The specifics will depend on your policy, so it's best to check the details with your provider.

This cover provides replacement income if you are unable to work due to sickness or injury, safeguarding your “biggest asset”, your ability to earn an income, preserving your financial wellbeing from possible financial devastation.

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At RSFA, we recommend clients prepare for several months without most of their net income. This is a daunting prospect, but income protection insurance provides a safety net, ensuring you have a steady income if you're unable to work due to illness or injury.

Many confuse mortgage protection with income protection insurance. While mortgage protection covers your mortgage repayments, income protection replaces a portion of your income, allowing you to cover various living expenses. Income protection benefits are typically a percentage of your pre-tax income, providing a reliable income stream for all living costs.

Both types of insurance generally have the same claim threshold: being unable to work due to a medical condition. However, income protection offers broader coverage, extending beyond mortgage payments to cover other financial obligations. It helps you maintain your lifestyle and financial commitments without added stress, giving you peace of mind to focus on recovery and well-being.

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Additional insurance

Life Insurance

Trauma Insurance

Cancer Cover Insurance

Mortgage Protection Insurance

TPD Insurance

Health & Medical Insurance

Key Person Cover

Commercial & Domestic Insurance

The RSFA 4 Step Process

Step 1

Identify your insurance objectives via a needs analysis.

Step 2

Prepare a personalised statement of advice once your needs are established, and discuss with you.

Step 3

Once you are satisfied we will implement your Protection Plan (RSFA assists with the application form and liaising with the insurer to achieve the best-underwritten terms).

Step 4

Provide ongoing service by way of annual reviews (there may be a need to review in-between times).

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With over 20 years of industry experience, Rod and his team provide expert guidance and top-notch service to help you achieve your financial goals. Reach out to our team today.

+64 9 950 8800

rod@rsfa.co.nz

Understand your finances with our financial analysis tools

RSFA Financial Advisers leverage Planolitix to provide clients with comprehensive financial planning and advanced data analysis, ensuring tailored solutions for optimal financial outcomes.

By utilising this sophisticated tool, RSFA Financial Advisers enhance decision-making processes and maximise investment strategies for their clients.

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Frequently Asked Questions

How is the benefit amount determined for income protection insurance?

The benefit amount for income protection insurance is typically calculated as a percentage of your pre-tax income, often around 75%. This ensures you have a reliable income stream to cover your living expenses if you're unable to work due to illness or injury. The exact percentage and terms can vary by policy, so it's important to review your options with a financial adviser.

Can I still receive income protection benefits if I work part-time during my recovery?

Are there any exclusions or limitations in income protection insurance policies?

Income protection insurance policies can have exclusions or limitations, such as pre-existing conditions, certain types of injuries or illnesses, or high-risk occupations. It's crucial to understand these exclusions when selecting a policy to ensure you have the coverage you need. A financial advisor can help you navigate these terms and choose the best policy for your circumstances.

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      EXCELLENT  
   Based on 135 reviews 
    
 
 
 
   
 
 
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   Deane Trethewey 
 
 
 
 Trustindex verifies that the original source of the review is Google. Rod and Jet great to deal with - that’s why we always come back
  
 
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   Liam Watson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great team, really helpful. I was able to get an insurance policy better suited to my needs and at a much better price than my previous policy. Would highly recommend.
  
 
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   Katrina Knapp 
 
 
 
 Trustindex verifies that the original source of the review is Google. We’ve had a great experience working with Rod. He helped us with a mortgage re-fix as well as two new builds, and each time he secured us strong deals and clearly explained multiple options from different banks. He’s knowledgeable, helpful, and takes the time to make sure you actually understand what you’re signing (which is underrated in this process). We wouldn’t hesitate to recommend him to anyone looking for a reliable mortgage broker.
  
 
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   louise anderson 
 
 
 
 Trustindex verifies that the original source of the review is Google. I recently worked with RSFA to set up my health insurance and move my KiwiSaver under their management, and the whole experience was excellent. Kathleen made the health insurance process incredibly easy, and Jet was great to deal with on the KiwiSaver side. Both were friendly, clear, and genuinely helpful. I’m really happy with the service and would definitely recommend RSFA to anyone looking for solid advice and support.
  
 
      Posted on Google  
   
   Tom Mackay 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have worked with Rod and Kathleen at RSFA for a couple of years now. They did a great job of understanding my personal and business insurance requirements, and were able to provide me a solution that was more targeted and comprehensive than my existing policies. Not only that, it cost me less than I was already paying. More recently, Jet at RSFA has become my kiwisaver adviser. She is extremely proficient and a pleasure to work with. I have recommended RSFA to others and will continue to do so!
  
 
      Posted on Google  
   
   Molly Stokes 
 
 
 
 Trustindex verifies that the original source of the review is Google. Rod and Jet have been outstanding to work with. It’s clear the RSFA team genuinely prioritise their clients and consistently offer top quality advice. They made the whole process seamless and stress free for my husband and I, with excellent communication throughout. I would absolutely recommend RSFA any day. Thank you Rod and Jet!!
  
 
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   Laura Gladstone 
 
 
 
 Trustindex verifies that the original source of the review is Google. We had such a great experience with both Rod & Jet. We moved banks and our KiwiSaver. Great advice, they were always happy to answer our questions. Fast turn around time from start to finish! Thank you both! Highly recommend.
  
 
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   Lyss Abbott 
 
 
 
 Trustindex verifies that the original source of the review is Google. Rod and Jet went out of their way to get me the best possible terms they could. And they blew my bank out of the water in every way. My bank was asking a million questions about my spending, going as far as wanting me to cancel my gym membership! Real Savvy assured me they weren't interesting in nitpicking my financial choices. They treated me like an adult who has autonomy over her own finances, whereas the bank acted like I was a child who didn't know how to run my own life. Not only did I appreciate being treated with respect and dignity, they also got the loan without heaps of conditions that the bank wanted to impose. And they were so easy to work with and so accommodating of my schedule as a shift worker. They also helped me switch to a more suitable Kiwisaver scheme for my stage of life and really listened to what I care about to ensure my investment was aligned with my values. I couldn't recommend them more! They made everything so effortless on my part, while getting the best possible lending outcome.
  
 
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   Adele Nairn 
 
 
 
 Trustindex verifies that the original source of the review is Google. I cannot rate Rod Schubert and the team at Real Savvy Financial Advice highly enough. If you are looking top notch brokers (financial & insurance services) who are willing to think and work with you on the outcomes you are seeking then look no further! Rod helped us with some complex re-financing recently against some very tight timelines, always remaining cool under pressure and retaining his sense of humour throughout. On the insurance needs front, Jet Douglas, also of RSFA, walked on water to get us the best insurance cover tailored to our specific requirements. Neither of these requests were easy nor straightforward, however, both Rod & Jet never lost sight of our end goals and acted with exceptional professionalism throughout. We could not be happier with the outcomes and strongly recommend to anyone serious about reviewing where you are financially, including reviewing your insurance risk profiles, or simply looking for tailored mortgage advice - go talk to these two first.
  
 
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   Belinda S. 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Rod Schubert and his team at RSFA.  Both Rod and Jet have been phenomenal to work with. Before coming to them, I had no idea how mortgages really worked—despite having one. Rod and Jet made it easy to understand. Their patience and professionalism gave me complete confidence throughout the process. What really stood out was how far they went above and beyond to achieve the best outcome. They took the stress out of what can be an overwhelming process, kept me informed at every step, and genuinely had my best interests at heart. If you’re looking for a mortgage lending advisor who combines deep expertise with clear communication, trustworthiness, and outstanding personal service, Rod, Jet and their team are the ones to go to.

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