This depends on your policy’s benefit period, which you choose when applying. Options typically range from 2 years to age 65. Shorter benefit periods have lower premiums but provide less long-term security. The choice depends on your other resources, such as savings, sick leave entitlements, and family support. Our team can help you choose the right benefit period for your circumstances.

Income protection premiums are generally tax-deductible in New Zealand, which makes the coverage more affordable. However, this means the benefits you receive may be taxable as income. The tax treatment can vary based on your employment status and how you pay premiums. We recommend consulting with an accountant to understand the tax implications for your specific situation.

This depends on your age, health, occupation, and the amount of coverage you’re seeking. Many applications can be completed with just health questions, while others may require medical exams, blood tests, or reports from your doctor. Higher coverage amounts and certain occupations typically require more comprehensive medical underwriting.

Most income protection policies have a waiting period (also called an elimination period) before benefits start, typically ranging from 30 days to 2 years. You choose this when applying – shorter waiting periods mean higher premiums but faster access to benefits. The waiting period starts from when you first become unable to work due to a covered condition.