Income insurance protects your income if you unexpectedly can’t work due to injury or illness.

It’s an easy way to help protect your financial future, and ensure your lifestyle and family are protected in any event.

Income protection for Finance sector

Can an Actuary get income protection insurance?

Actuaries analyse risk to develop insurance policies. Actuary work is considered a white-collar profession with little to no health and safety risks. Actuaries can avail of first-class income protection. 

Status: low risk- insurable

Can an Accountant get income protection insurance?

Accountants are fundamental to the finance industry. Accountants generally work within office spaces or large firms. As a white-collar profession with very few risks, accountants qualify for first-class income insurance. 

Status: low risk- insurable

Can an Adjuster (other) get income protection insurance?

Adjusters negotiate and settle losses for insurance companies. Adjusters are often tasked with carrying out in-depth investigations into several parties in order to settle a claim. While like most insurance occupations, adjusters work in an office setting, for the most part, they sometimes have to carry out field investigations. Insurance adjusters are also open to lawsuits due to the nature of their work and can be sued for bad faith. Due to the financial risks of working as an adjuster, those in the occupation can qualify for third-class insurance. 

Status: moderate risk- insurable

Can an Auditor get income protection insurance?

Auditors are responsible for auditing accounts and ensuring businesses and workers comply with financial law. Auditing is considered a white-collar profession where workers are safe from general hazards and threats to their income. 

Status: low risk- insurable

Can a Broker (Financial Services) get income protection insurance?

Financial brokers are white-collared workers generally employed within banks and investment firms. Brokers can qualify for first-class income protection as their occupation is deemed safe. 

Status: low risk- insurable

Can a Broker (Securities) get income protection insurance?

Securities brokers are responsible for advising investors on financial ventures. Since securities brokers handle and advise on other people’s finances, they are often subjected to lawsuits and claims. Customers can file arbitration claims against brokers who have allegedly mishandled finances. Securities brokers cannot qualify for income protection because of such risks to their income. 

Status: declined- uninsurable

Can a Clerk get income protection insurance?

Clerks generally work in quite safe conditions, processing applications and payments within an office or at a desk within a bank. As sedentary workers, clerks can avail of first-class income protection. 

Status: low risk- insurable

Can a Credit Controller get income protection insurance?

Credit controllers qualify for first-class protection. Credit controllers are white-collar workers who do not come up against many threats to their income. 

Status: low risk- insurable 

Can a Debt Collector get income protection insurance?

A debt collector works for a company or a hired agency and is responsible for tracking and contacting people to recover any owed money. They may negotiate payments or set up payment plans with such persons. It is very common for debt collectors to encounter volatile situations when someone in debt to a company feels threatened or cannot afford a repayment. Debt collectors have faced assaults ranging from minor to even fatal. In addition to physical harm, verbal abuse from debt collectors over the telephone can create a high-stress work environment, increasing the risk of mental and physical health issues. Debt collectors are declined from qualifying for any income insurance because their work is deemed high-risk.

Status: declined- uninsurable

Can an Economist get income protection insurance?

An economist studies and researches analytic data, and evaluates the economic forecast. There are very few risks associated with this career and they qualify for first-class income insurance.

Status: low risk-insurable

Can a Fund Manager get income protection insurance?

A fund manager undertakes the role of creating and implementing a fund’s investment plan and monitoring the market. Fund managers are office workers and qualify for first-class insurable.

Status: low risk- insurable

Can a Loss Adjuster get income protection insurance?

Loss adjusters are white-collar workers, who investigate insurance claims on behalf of an insurance company. They generally work in very safe conditions within an office or corporate firm. Considering the low level of risks involved, loss adjusters qualify for first-class income protection. 

Status: low risk- insurable

Can a Rent Collector get income protection insurance?

A rent collector is responsible for reclaiming overdue rent payments. The role of a rent collector is to track down renters and assist or negotiate them into repayment. Volatile situations can quickly arise for a rent collector when renters feel threatened or cannot produce a repayment. Assault against rent collectors is common and there have even been reports of fatal attacks. Aside from physical assault, verbal berating of rent collectors over the phone can cause a high-stress work environment which increases the risk of mental health issues. Rent collectors are declined from qualifying for any income insurance because of this high-risk career. 

Status: declined- uninsurable

Can a Stock Broker get income protection insurance?

A stock broker’s career entails purchasing and selling stock through the stock exchange for clients. Clients can make claims of fraud or a stockbroker can be liable after financial errors result in losses for a client. A stock broker is awarded first-class income insurance.

Status: low risk- insurable

Can a Turf Accountant (not on course work) get income protection insurance?

Status: mild risk-insurable 

Can a Turf Accountant (in course work) get income protection insurance?

A turf accountant is licensed to take bets, typically on horse races, and pay out winners.

Status: declined- uninsurable

Can a Valuer get income protection insurance?

The role of a valuer involves estimating the market value of property or land, valuing clients’ assets, and assisting clients in maximising profits from sales. There is very little risk of liability or income losses in this career and therefore a valuer can avail of first-class income insurance.

Status: low risk- insurable 

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