Income Protection Insurance

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.

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.

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).

Get started with RSFA

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.

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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.

Frequently Asked Questions

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.

Contact our award-winning team and experience the difference

Excellent
Based on 105 reviews
justin Engels
justin Engels
14 May 2024
Excellent service from a company that always had our best interests at heart. Without them we woukd not have been able to have our first home.
Ma Pamela Therese Gaddi
Ma Pamela Therese Gaddi
26 April 2024
I would to thank Anne Zablan-Balila for helping us secure our first home! You are very hands on, knowledgeable and always willing to help and you have so much patience in answering all of our concerns! You guided us and you were present every step of the way! I highly recommend Anne Zablan-Balila of Rob Schubert Financial Advice to be your mortage adviser and I am sure you can secure your first home too. I will definitely seek your expertise if given another chance to secure a property in New Zealand! I am one of many satisfied and happy client! Thank you so much Anne!
Amy Po-Ching
Amy Po-Ching
26 April 2024
I have worked with Rod as my adviser for many years now and he always takes the time to understand my needs to ensure he can deliver on what is required. I have found him to be thorough, diligent, honest, hard working and always striving to do the best he can by me. He is personable, professional, and I highly recommend him.
giancarlo maturan
giancarlo maturan
21 April 2024
I would like to give thanks to Anne Balila from RSFA for helping us get our first home. I admit it wasn't easy but Anne was always there to assist us and made the journey smooth and less complicated. I will definitely recommend her and RSFA to my friends who are also thinking of getting their new homes.
Corrinne Pillay
Corrinne Pillay
16 April 2024
We’ve been clients of RFSA for a few years now. Our experience with Rod and the team has been awesome and the service we receive from Rod has been second to none. His persistence and diligence to get the best rate for his customers has been a standout for us. Rod has immense patience with Clients and treats out portfolio as if it was his own, with attention to detail and going to task to ensure we always get what’s best for us. The collaborative way in which this team works ensures that our best interest are always at the forefront.
Dave Stokes
Dave Stokes
16 April 2024
Rod and his team were able to work the magic for us that the others weren't. His professionalism and willingness to go the extra mile has been greatly appreciated. I highly recommend Rod to anyone looking for expert mortgage advice.
Georgia Ross
Georgia Ross
15 April 2024
Great service! Efficient and reliable. Can’t thank you guys enough!
Michael Davies
Michael Davies
10 April 2024
Rod and the team at SFA have been fantastic to deal with throughout our process. They achieved a higher result than we had been led to believe would be possible and made the whole process easy even when there were hurdles placed in the path. We highly commend Rod for his professionalism, patience, and diligence and have no hesitation in recommending Rod, and the team at SFA, to assist with your financial goals.
Matt Crawford
Matt Crawford
20 February 2024
Would highly recommend Rod and his team, they are great to work with. Was first introduced to Rod a decade ago and have continued to benefit from his knowledge and experience over the years. He works hard to get results and pushes to get everything lined up even when the banks are dragging their heels.
John Funnell
John Funnell
5 December 2023
Rod and his team where brilliant to deal with and where all over every detail of the process. Cheers, John & Paul!