Considering a life insurance policy?
We can help. Easily compare from 20+ insurers to find a policy that meets your needs.Based on the policies Canstar assess, we have estimated that – assuming that you are a 30 year-old non-smoker wanting income protection cover of $4,000 per month, with a 30 day wait and a benefit period of two years – you could expect to pay the following annual premiums for income protection insurance that you obtained through a financial adviser (Advised Income Protection):
| Occupation | Male | Female |
| Pilot |
$1,008 |
$1,436 |
| Baggage Handler |
$1,308 |
$1,803 |
| Air traffic controller |
$1,719 |
$2,438 |
| Building Foreman / Supervisor – licensed |
$783 |
$1,118 |
| Carpenter |
$865 |
$1,228 |
| Earthmoving Equipment Driver / Operator |
$1,294 |
$1,822 |
| Lecturer |
$419 |
$620 |
| Teacher |
$497 |
$707 |
| Child Care Worker |
$697 |
$991 |
| Doctor |
$452 |
$638 |
| Registered Nurse |
$855 |
$1,213 |
| Paramedic |
$1,052 |
$1,511 |
| Restaurant manager |
$759 |
$1,065 |
| Chef – qualified |
$842 |
$1,194 |
| Kitchen Hand |
$1,142 |
$1,623 |
| Mining – Engineer – above ground |
$643 |
$922 |
| Mining – underground – Skilled Tradesperson – No explosives |
$1,226 |
$1,727 |
| Supermarket Manager – full time |
$732 |
$1,027 |
| Shop Assistant – Supermarket |
$920 |
$1,239 |
Source: Canstar Advised Life Insurance Star Ratings, 2014.
The above quotes are based on a monthly income protection benefit of $4,000, so obviously the amount for which you insure will affect the cost. And of course it’s crucial to consider the income protection policy inclusions: not all policies are created equal! You can compare Advised income protection policies here.
This is different to income protection that you can buy directly from the provider. You can also compare Direct income protection policies on our website:
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