Income Protection insurance provides an income stream should you become unable to work due to an injury or sickness. After a waiting period, benefits are paid on a monthly basis. The amount of cover is generally 75% of your gross salary.
It could be argued that Income Protection is probably the most important type of insurance - after all, where would you be without your income? How well could you survive without your income for a period of 12 months or longer?
Your income is used to maintain a certain living standard and also to build wealth and provide for your retirement.
Employees of the Lutheran Church of Australia, including staff in Lutheran schools, can access the benefits of Income Protection insurance through membership with Lutheran Super at very competitive rates.
For further information, please contact Lutheran Super on 1800 635 796, or visit their website at www.lutheransuper.com.au