We’ll pay up to 75% of your usual income.
Up to a maximum of $30,000 a month.
Who likes to think about not having money? That’s right, nobody. Yet when it comes to Income protection cover, lots of people look the other way. It’s too hard. Too fussy. And too expensive, right? Wrong! If you're working and you get sick, it’s better to have a plan in place. Not because we think you’ll starve, but because you owe it to yourself to protect the stuff you’ve worked so hard for.
If you get hit up by an illness or injury that leaves you unable to work, our Income protection gives you up to 75% of your usual income (up to $30,000 per month if you're lucky enough to earn that much) to make things easier.
Mortgage. Rent. Phones. Electricity. Food. Petrol. Kids. There’s a heck of a lot of expense in just looking after the basics. And if you can’t go to work, the bills don't magically stop. This is when you need cash support most.
You pay an amount of money (called a ‘premium’) for a policy. The policy is a contract so you know exactly what we’ll pay out for. As long as you keep paying for your insurance with us, and the policy terms and conditions have been met, we’ll pay out for everything we agreed.
As well as cash help, we could also help get you back to work sooner with rehabilitation support.
Yep. Every year in NZ, about 55,000 people have an illness that means they can’t work for three months or more1. Proof that ‘it’ll never happen to me’ happens a lot more than you think.
We’ve compiled a list of the most commonly asked questions about this cover.
For a good overview of the ins and outs, it’s worth reading the info sheet.
Yes - you’ll need to be between 16 and 59 (55 if you want to take the ‘to age 70 option) if you want to take out this cover. All cover ends at 65, unless you take our ‘to age 70’ option.
You can usually cover up to 75% of your gross annual income. But the most we’ll ever pay is $30,000 per month.
The amount you’ll pay depends on a number of things from your age to your occupation. In terms of premiums (payments), you can go for a yearly renewable premium that’s fixed for a year at a time and increases as you age OR a fixed-price premium for the life of your policy.
You can choose how long you’d like your payments to last for: 2 years, 5 years, to age 65 or even to age 70.
You can also choose your waiting period before the cover kicks in: 2 weeks, 4 weeks, 8 weeks, 13 weeks, 26 weeks, 52 weeks or 104 weeks. (But keep in mind, you’ll need to cover your own costs during this period.)
* Fidelity Life has an A- (Excellent) financial strength rating from A.M. Best. The rating scale that this rating forms part of is available for inspection at our offices. For more information please visit Fidelity Life's financial strength page.
1 Mindthegap.co.nz – ‘How long could you survive without an income?’
Disclaimer – the information contained in this webpage is a summary of the key points of this insurance policy and is general in nature. It is not, and is not intended to be, a policy document.
Details of definitions, benefits, standard exclusions/limitations, terms and conditions are contained in the full policy documentation which is available from your financial adviser. Please refer to current policy documents for specific details. This webpage does not provide a personalised financial advice service.