Income protection insurance,

axin

最近收到Super里的一个quote, 大概是40块一个月, 没有收入时可以每月claim大概4000块, 等待期3个月 (这个不要紧).

不知道这个保费贵不贵?
这样claim的钱是不是也一样是taxable income呢?

另外因为以前的公司是这家super的corporate customer, 所以life insurance 每个月只有交3块多, 现在离开那家公司, premium 会提高到14块左右.  觉得有点高啊, 没自己去作作业前, 来看看大家的意见啊....

谢谢!

大飞熊

原帖由 axin 于 2008-4-25 19:20 发表
最近收到Super里的一个quote, 大概是40块一个月, 没有收入时可以每月claim大概4000块, 等待期3个月 (这个不要紧).

不知道这个保费贵不贵?
这样claim的钱是不是也一样是taxable income呢?

另外因为以前的公司 ...

IP好像是有条件的吧，不是你随便没有工作就可以claim钱的，具体的条款你要读读清楚。是不是taxale的我具体不是很清楚，可能是after tax的。

Term Life的premium的钱还是在那个范围的，具体的不同的insurance的钱的premium的都是不一样的。

axin

谢谢大飞能! 你看这个IP 的premium 会不会高呢?

大飞熊

原帖由 axin 于 2008-4-25 19:50 发表
谢谢大飞能! 你看这个IP 的premium 会不会高呢?

不同的IP有不同premium的，我不知道你是具体哪个IP，但是一个月40是在合理范围里面的。

axin

哪个IP 你是问provider 吗? 这个合理范围是多少到多少呢?

matrix

感觉IP的限制条件相当抠苛，一般只有在丧失劳动能力（不是失业）的情况下才给钱。

大飞熊

原帖由 axin 于 2008-4-25 20:31 发表
哪个IP 你是问provider 吗? 这个合理范围是多少到多少呢?

是的，这个范围很大的，具体的不清楚，要查一下就知道了。我记得应该和你的要claim的金额也有关系

philgu

suggest you talk to an insurance broker (though they usually take quite a clip on commission however if you buy directly there is no saving either). Based on what you said, don't think u know enough to make an informed decision). Broadly things to consider are:

- Coverage in term under what circumstance u can claim (100% sure unemployment is not covered). Mostly due to injury or illness which make u unable to work. Then even the type of task u are unable perform would make a difference in ur premium.

- Waiting period (not that important as most would have saving to cover that)

-  Period covered in case of claim. A lot of policy only cover up to 2-3 yrs. Best cover would be up to retirement age (e.g. 65). More expensive.

- % of income covered. Mostly up to 75% of u income (check whether it is indexed to inflation).

- generally premium is tax deductible but claim income would be taxable as well.

- make sure u understand the consequence of buying through super. the claim amount would be paid to ur super rather than u directly. Also super tax saving is only 10-15%.

Do a bit more research and u would need far more info to make a decision urself.

axin

相当好的方向指引!  

[ 本帖最后由 axin 于 2008-4-29 22:42 编辑 ]

周瞳

应该也包括比如说裁员或者类似的叫做非自愿失业的情况

还有就是因伤不能上班了

philgu

原帖由 周瞳 于 2008-4-29 23:12 发表
应该也包括比如说裁员或者类似的叫做非自愿失业的情况

还有就是因伤不能上班了

裁员 100% NO.

patricb

Income protection insurance is worth considering for all working people. It can pay a proportion of your salary for a while if you’re temporarily unable to work because of sickness or injury.

The length of time you receive payments depends on the contract term; for example two years, five years, or up to age 60 or 65; it varies depending upon the amount of cover you are willing to pay for.

周瞳

原帖由 philgu 于 2008-4-30 10:26 发表

裁员 100% NO.

同意，我搞错了，是credit card repayment insurance cover for redundancy，而不是Income protection....

Sorry

kitty_cat

Income protection insurance premium could be quite expensive if you buy the insurance in super.

I quoted before with my super fund, it's like over $3000 a year in premium to cover 75% of my income level and it only covers for about 2 year, i.e not for life.

The insurance payout is taxable i.e. it's a subsitute of your regular income. At the same time, the insurance premium is tax deductible.

kitty_cat

Also if you maybe required to do a physical examination and will need to declare any illness or injuries  you have before the insurer underwrites your policy.

For example, if you declared that you suffer back pain, the insurance policy will explicitly state that any illness or injury sustained while under cover that relates to back problem will not be covered.

I talked to a financial planner at a bank and was told that won't be covered.