Should an illness or injury occur that meant you couldn't work for a while, it's comforting to know that help is available to protect your family's way of life. CoverPlus Income Protection insurance can provide you with regular Income Benefit payments as income replacement. There is a simple application process - apply online or over the phone, with no medical or blood tests required - pre-existing medical conditions apply1. Nature of cover Income Benefit covers up to 75% of your monthly earnings2, up to $10,000 for a standard risk occupation3. Premiums you can afford Premiums from around $7 per week4. Tax deductible premiums Premiums paid on income protection are generally tax deductible to you, and Income Benefit is generally included as assessable income5. Optional Total and Permanent Disability (TPD) Benefit Optional TPD cover is available up to $500,000 - the TPD Benefit can pay you a lump sum if we assess you as being totally and permanently disabled. This cover is only available if you are classed by us as having a standard risk occupation at the time you apply for your policy. CoverPlus Income Protection insurance provides the flexibility to customise your policy to help suit your needs and your budget. Level of cover You can select your level of cover depending on how much of your current income you want to protect. The insured monthly benefit for standard risk occupations can range between $1,000 up to 75% of your monthly earnings (up to a maximum monthly benefit of $10,000)3. Benefit period Choose a benefit period of six, 12 or 24 months. The benefit period is the maximum amount of time you will be paid the Income Benefit for any one illness or injury. Waiting period Choose a waiting period of either 30 or 90 days. This is the period of time after being diagnosed with an illness or injury that you will have to wait before your benefit period begins. Income Benefit payments are then made monthly in arrears. (Optional) Total Permanent Disability Benefit cover This optional cover provides a lump sum payment to you for a valid claim if you work in a standard risk occupation and are assessed as being totally and permanently disabled. (This cover is not available for special risk occupations). View the Product Disclosure Statement View the Insurance Financial Services Guide Get a quote and apply online today to protect your family's future 1. A claim will not be paid which arises directly or indirectly from a pre-existing medical condition. A pre-existing medical condition is an injury, illness, condition or related symptom that, in the five years immediately preceding the policy commencement date, a life insured (or a reasonable person in their position) was aware of or should have been aware of; or for which a life insured had or was intending to have, a medical consultation; or for which a reasonable person, in the circumstances of a life insured, would have had a medical consultation. 2. For the self-employed (including a working director), monthly earnings means the gross monthly income generated by the business as a result of your personal exertion after allowing for the costs and expenses incurred in deriving that income, or if you are employed, monthly earnings means your gross monthly income earned from personal exertion by way of the total remuneration package, including fringe benefits and any other type of remuneration. 3. The Income Benefit provides a maximum monthly benefit of 75% of monthly earnings up to a maximum monthly benefit of $10,000 for standard risk occupations and $3,000 for special risk occupations. (No Income Benefit is payable for a disability occurring while engaged in occupational duties in special risk occupations). 4. $7.73 a week for a 35 year old Office Manager (male, non-smoker) who earns a gross annual income of $80,000 and chooses a 12 month benefit period and 30 day waiting period. 5. Tax law is complex and this information has been prepared as a guide only and does not represent tax advice - please see your tax adviser for independent tax advice. CoverPlus Income Protection is distributed by Citigroup Pty Limited ABN 88 004 325 080 AFSL/ACL 238098 (Citibank). The issuer of this product is OnePath Life Limited (OnePath Life) ABN 33 009 657 176, AFSL 238341. This product is not a deposit or liability of Citibank. The information provided is of a general nature and does not take into account your personal needs and financial circumstances. You should consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. You should read the Product Disclosure Statement (PDS) and consider whether this product is right for you.

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