Protect part of your income if illness or injury prevents you from working. We advise on the amount of cover, waiting period, benefit period, policy definitions and ownership structure suited to your circumstances.
Your ability to earn an income can be one of your most important financial resources. It supports household expenses, loan repayments, savings and other financial commitments.
Income protection insurance can replace part of your income if illness or injury prevents you from working, subject to the policy terms.
The quality of the cover depends on more than the premium. We consider how much income may be insured, how long you could meet expenses before a benefit begins, how long benefits may be payable, your occupation and the policy definitions that apply.
We also review any income protection you already hold, including cover through superannuation or an employer, before recommending new or replacement insurance.
Where income protection forms part of a broader Wealth Management and Financial Planning engagement, it can be considered alongside the broader financial strategy. Personal Insurance and Wealth Management remain separate advice scopes unless both are included in the agreed engagement.
We consider your income, household expenses, debt commitments, existing cover and insurer requirements when determining an appropriate benefit amount. The maximum amount available depends on current product terms and your circumstances.
The waiting period is the period between becoming unable to work and becoming eligible to receive a benefit, subject to the policy terms. We consider available savings, leave entitlements, household cash flow and other resources when recommending a waiting period.
The benefit period determines how long an eligible claim may continue to be paid, subject to the policy terms. We consider your age, occupation, financial commitments and the period for which protection may be required.
Policy definitions and underwriting can differ according to occupation and insurer. We compare relevant definitions and terms so you understand how the proposed cover may operate if a claim is made.
We review existing income protection held personally, through superannuation or through an employer before recommending additional or replacement cover.
The waiting period and benefit period can materially affect both the premium and the level of protection provided.
A longer waiting period can reduce premiums, but it also means you need sufficient financial resources to meet expenses before an eligible benefit begins.
A shorter benefit period can also reduce premiums, but it limits how long an eligible claim may continue to be paid.
We consider these settings against your household cash flow, savings, leave entitlements, debt commitments, occupation and other available resources rather than selecting them on premium alone.
Some income protection insurance may be held through superannuation, subject to the applicable rules and policy terms.
Funding premiums through superannuation can reduce the immediate impact on household cash flow, but premiums reduce the amount remaining invested for retirement and the cover available through superannuation may differ from personally owned insurance.
Personally owned income protection is paid from personal cash flow and may provide access to different policy structures and features.
The appropriate ownership structure depends on your circumstances, the cover available and the applicable superannuation and tax rules. We consider these issues as part of the advice process rather than applying a default structure.
For eligible doctors, lawyers and select professionals, we can also consider insurance arrangements available through a mutual structure.
Through relationships with participating insurers, eligible clients may be able to access insurance through a mutual that can provide a share of profits back to eligible members, subject to the mutual's terms, insurer arrangements and eligibility requirements.
Our advice remains focused on whether the insurance itself is appropriate for your needs. We consider benefit levels, waiting and benefit periods, policy definitions, ownership, premiums and underwriting terms before recommending an insurance solution. Any potential profit share is an additional feature and should not be the primary reason for selecting a policy.
Eligibility, participation and any profit share are not guaranteed and can vary according to the applicable mutual, insurer and arrangement.
You may already hold income protection through superannuation, an employer or an existing personal policy.
Before recommending additional or replacement cover, we review what you already have, including the insured benefit, waiting period, benefit period, ownership, premiums and relevant policy terms.
Existing cover should not be cancelled simply because a new policy is available. Where replacement is recommended, the differences between the existing and proposed cover, including underwriting and policy terms, should be understood before an existing policy is cancelled.
Income protection needs can change as your income, debt, occupation, family circumstances and financial commitments change.
We can review your cover periodically to consider whether the benefit amount, waiting period, benefit period, ownership and policy structure remain appropriate.
If you need to make a claim, we can assist with the claims process, including helping you understand the policy requirements and communicating with the insurer as the claim progresses.
Income protection generally replaces part rather than all of your income. The amount available depends on your income, circumstances and the terms of current products. We consider the benefit available against your household expenses and financial commitments before recommending an amount of cover.
The waiting period is the period between becoming unable to work and becoming eligible to receive a benefit, subject to the policy terms. We consider your savings, leave entitlements, household cash flow and other available resources when recommending a waiting period.
The benefit period depends on the policy selected and can vary between products. We consider how long protection may be required, together with your age, occupation, financial commitments and the available insurer options.
It can be appropriate for some clients. Funding premiums through superannuation can reduce the immediate impact on household cash flow, but premiums reduce the amount remaining invested for retirement and the cover may differ from personally owned insurance. We consider the available options before recommending an ownership structure.
The tax treatment of income protection premiums depends on how the policy is owned and structured and on your circumstances. Private Capital Management can provide tax financial advice within the scope of our advice, and we can coordinate with your accountant or tax agent where specialist tax advice or tax return services are required.
Yes. Occupation can affect underwriting, premiums and the policy terms available. We compare relevant insurer options and definitions as part of the advice process.
Yes. We can assist with the claims process, including helping you understand the policy requirements and communicating with the insurer as the claim progresses.
Private Capital Management is based at Level 26, 1 Bligh Street in the Sydney CBD. We meet with clients in person in Sydney and by video across Australia.
Meetings, document collection and insurance applications can generally be completed digitally, allowing us to provide advice and manage the underwriting process regardless of location.
Licensed and Accredited
AFSL 342880
Authorised Representative 1239545
ASIC
Qualified Tax Relevant Provider, Nathan Ide
Speak with our team
Meet with us in person in Sydney or by video to discuss your income protection needs and how we may be able to help.
Book a Personal Insurance Meeting Or contact us with a question