Income Protection

This form of insurance is available from a wide range of life offices normally as a standalone plan/policy.

It provides you with a monthly income should you become totally disabled and unable to work for a period of time, however disablement may not be of a permanent nature.

Income protection is designed to provide income replacement in the event of you not being able to work.

Who can apply?

Income is generally available to people working at least 30 hours per week in their normal principal occupation or job.

Income protection is available for clients as noted in the table below:

Benefit period Entry ages
Minimum Maximum
2 years 19 60*
6 years 19 60
To age 55 19 50
To age 60 19 55
To age 65 19 60
To age 70  19 60

* Monthly benefits in excess of $40,000.00 are subject to an entry age of 54

Monthly Amount Insured

It should be noted that there is a maximum level of coverage usually up to
75 -80% of your gross monthly earnings. This particular amount would be paid to you on a monthly basis should a claim arise.

Guaranteed Benefit Payment Type

Under this particular option you can choose to lock in or guarantee a monthly income on the basis of a pre-application income. That is based upon your current income; current occupation and financial evidence would need to be provided to apply for this particular provision.

Waiting Period

You can choose a waiting period prior to the claim commencing. In the normal course of business the longer the waiting period, the more affordable the premium; however your options are as follows:

  • 14 days
  • 30 days
  • 60 days
  • 90 days
  • 180 days
  • 1 year
  • 2 years
The benefit period on the other hand is a period of payment where the claim would be honoured to you, i.e. after the waiting period monthly payments would be paid for up to:

  • 2 years
  • 6 years
  • to age 55
  • to age 60
  • to age 65
  • to age 70

dependent on age and occupation at time of entry.

What would the premiums be?

Your premium is dependant on various factors including:

  • Age
  • Gender
  • Occupation
  • Level of Earnings
  • Current Health Status
  • Residency

To find out more about what your premiums will be, please contact our team.

Contact Information

Level 7/ 431 King William Street ADELAIDE SA 5000
————–31 Main Street, Littlehampton SA 5250

Phone: 0409 092 640


(08) 8231 4709

Fax: (08) 8125 6520

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Business Information

Sensible Insurance Solutions is a trading name of Centra Private Wealth Pty Ltd (ABN 17 615 673 142) licensed to Tony Anderson.

My FireBox is a trading name of Tony Anderson.


Tony Anderson and Centra Private Wealth Pty Ltd are authorised representatives of Centra Wealth Pty Ltd (AFSL 422704 ABN 39 158 802 450).