Could you pay your bills if you were unable to work?

With many Australian households now in debt up to three times the level they were in the early 1990s¹  (as a percentage of disposable income), it makes sound sense to have a back up plan in case serious injury or illness prevents you from working, even temporarily.

And increasingly today, with so many families relying on double incomes to keep their mortgage and household expenses covered, it's important to think about how you would pay the bills and cover your mortgage if you suddenly stopped receiving one of those incomes.

Protect your income

As a TWUSUPER member you have access to flexible and affordable income protection cover and you can pay your insurance premiums from your super account.

Obtaining income protection insurance is also much easier through an industry super fund like TWUSUPER. This is because TWUSUPER has used its purchasing power to negotiate insurance specific to the needs and working conditions of transport and logistics workers.

Put simply, if you have applied and been rejected for income protection previously due to the nature of your work, you could still be eligible for cover through TWUSUPER.

What does income protection provide?

An income protection benefit provides monthly payments to you for the duration of your illness or injury, for up to two years.  The amount you receive depends on your salary and the level of income protection cover you have. Conditions apply.

Use our Insurance cost and cover calculator to calculate the cost of cover for the monthly income protection benefit you think you would need.

Who can apply?

If you are under 65 and working permanently, or at least 15 hours a week, you can apply for income protection insurance and choose either a 30 day or 90 day waiting period.
 

How to apply

To apply for income protection insurance, download our Application for additional insurance form.

The great news is that once you apply, you're covered for illness and injury by TWUSUPER's interim accident cover for up to 120 days while your application is being processed.

Need help?

If you're interested in applying for income protection insurance and you need some assistance, call one of our Client Relations Officers who can answer your questions and assist with your application.
 

Already covered?

If you already have income protection insurance, use our Insurance cost and cover calculator to compare our rates.  If you find our rates favourable, download an Insurance transfer form and apply to transfer your existing level of cover to TWUSUPER without evidence of health.


¹Sydney Morning Herald, 8 June 2011, 'First home buyer defaults more likely'.