If you’re a operating Australian, then income protection is a must-have insurance. After all, why insure your vehicle and property and belongings and not your most worthwhile asset: your ability to earn an earnings.
It is exciting even though to note that your chosen occupation can play a substantial component in the expense of your insurance. When it comes to revenue protection insurance, typically the far more qualified a individual is the reduced, in some situations, the per-dollar expense of their revenue protection insurance coverage can be.
Right here are a handful of examples from our 2014 study, searching at the yearly cost of a $ 4,000 per month earnings protection insurance coverage policy for a thirty year-old non-smoking male…
| Occupation | Premium | Occupation | Premium |
| Teacher | $ 497 | Childcare Worker | $ 697 |
| Medical professional | $ 452 | Paramedic | $ 1,052 |
| Chef | $ 842 | Kitchen Hand | $ 1,142 |
| Supermarket Manager | $ 732 | Shop assistant | $ 920 |
Supply: Canstar Life Insurance coverage Star Ratings Report study, 2014
There are a lot of ways to minimize the expense of your cover although, and CANSTAR’s 2014 Life Insurance coverage Star Ratings report can point you in the correct path.
What’s the price of your job?
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