Compare up to three income protection quotes over the same disability scenario: annual premium plus the income you would still lose.
Pick one realistic scenario and keep it the same for every quote. The default is a six-month absence for someone earning $96,000 a year, or $8,000 a month, so the income lost is 6 × $8,000 = $48,000.
For each quote, enter the annual premium, the income you would lose during the waiting period (about one month's income for a 30-day wait, two months for 60 days, three for 90), and the total benefit the policy would pay in the scenario. With a 70% replacement ratio the monthly benefit is $8,000 × 70% = $5,600. A 30-day wait leaves five months paid: 5 × $5,600 = $28,000. A 60-day wait pays four months ($22,400) and a 90-day wait three months ($16,800). Benefits are usually paid monthly in arrears, so the first payment arrives about a month after the waiting period ends.
Reading the result. The tool adds the premium to the income you would still lose. In a short claim, a short waiting period wins. In a long claim, a longer benefit period matters far more, so run a second scenario of two or five years off work before deciding. The tool ignores tax (premiums and benefits are both taxed at your marginal rate), offsets such as workers' compensation, and premium increases with age. All default figures are illustrative. See choosing waiting and benefit periods.
Worked Examples and Checklists
Choose an income protection waiting period from your sick leave and savings, and a benefit period from the claims that hurt most, with worked arithmetic.
Worked Examples and Checklists
A step-by-step method to compare Australian life, TPD, trauma and income protection quotes like for like, with a worked comparison and the quote tool.
Costs, Cover Types and 2026 Rules
The APRA individual disability income insurance reforms explained: the end of agreed value, 70% income caps, 12-month income tests and stricter tests after two years.
Claims, Mistakes and Official Sources
How income protection benefits are reduced by workers' compensation, transport accident payments, sick leave, other cover and Centrelink, state by state, with arithmetic.
Costs, Cover Types and 2026 Rules
The factors that set an income protection premium, from age and occupation class to waiting period, benefit period and options, with an illustrative comparison.
