CHOICE AND SUSTAINABILITY BY DESIGN

Providing the flexibility you need to choose the best option for your client is important to us.

That’s why we’ve introduced a Flat 70% income replacement ratio option within Income Protection CORE.

Sitting alongside our existing 70/60% reducing replacement ratio option, you can provide more choice for clients. As we continue to support sustainability within the Income Protection market, we also recognise that in some instances clients may require the additional benefit support a Flat 70% option provides.

Claims Escalation - allows for the claim payments to be increased each year in line with the Consumer Price Index Increase (CPI Increase).

Retirement Protector – an important addition to an advice strategy which pays a monthly benefit to a nominated Superannuation Fund when the client is either a Total or Partial Disablement Benefits. This protects the client’s retirement plans during their period of illness.

Example:
A client’s PDI is $100,000, when a claim is paid, they receive a monthly payment of $5,833 per month (70% of $100,000) into their bank account and $833 per month into their superannuation account.

AIA clients receive access to AIAA’s exclusive support programs which focus on helping clients both on and before a claim to live a healthier, longer, better life.

At AIAA we’ve developed a deep understanding of the challenges and intricacies advisers face in providing advice within the new Income Protection parameters. Our focus on the new world of income protection throughout 2021 and the expertise of our Technical team positions us as knowledgeable specialists to support you and your teams on this continuing income protection journey.

The new requirements highlight the importance of using our wide range of AIAA insurance products in combination within your strategies.