Self Employed and Income Protection

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Rolf Latham, 28th Mar, 2020.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member

    15th Aug, 2005
    Gold Coast
    If you are SE, and don't have a policy in place, you may want to act NOW , and I mean TODAY.

    As at this coming Monday, Agreed Value Income policies are no longer available.

    Im not a financial planner, but this is how I think it works.

    PLEASE see specific personal advice !

    Agreed value is not dependent on previous period income at claim time, but an agreed amount at policy initiation, based on previous period at initiation.

    In these uncertain times, where income may reduce in the future, an agreed value policy may make good sense.

    No point paying for a policy that provides bugger all cover at claim time ?

    If this is of concern to you, pls PM me