Income Protection Insurance for Media Professionals

Information verified correct on December 5th, 2016

Why is it Worth Media Workers Considering Income Cover?

Working in the world of media can be a very exciting and rewarding career. There are many different fields in which media professionals may work, but no matter which of these they specialise in, they will be able to enjoy the chance for progression and the opportunity to earn great money and enjoy a diverse and exciting career. For many people the draw of the media as a career choice is two-fold, as it appeals to many people because of the nature of the job as well as due to the potentially impressive salary that can come with jobs within media.

The type of job you go for within the world of media will often be based on a number of factors, from your personal preferences to the skills and training that you have or the opportunities that arise. The good news is that with so many different areas to choose from within media, you will be able to find something that is ideally suited to your career preferences and goals. Some of the jobs and roles within the world of media include:

Media Professions

  • Graphic designers
  • Web designers
  • Copywriters
  • Artists
  • Photographers
  • Content managers
  • Media consultants
  • Creative consultants
  • Animators
  • Editors
  • Designers

These are just some of the creative, exciting and rewarding roles that you might find yourself working in when you enter into a career within the world of media.


Income Protection Insurance for Media Professionals

Please enter your full name
Please enter a valid email address
It's important to give us a valid phone number
Gender
Smoker
Date of Birth
This is your current income. Everyone‘s situation is different so you might also want to discuss with an insurance consultant. Calculator
Please enter your occupation
By submitting this form, you agree to the finder.com.au privacy policy
Compare Quotes

Compare income protection quotes from these direct brands

Product details Maximum cover Maximum Entry Age Cooling-off
(days)
Income Protection
Income Protection
Cover up to 85% of your income up to $10,000 per month if you can't work due to sickness or injury. Cover for over 1,000 jobs and full-time, part-time and self-employed. $10,000 60 30 Get quoteMore info
NobleOak Income Protection
NobleOak Income Protection
Receive up to 75% of your income each month to a maximum of $25,000 if you can't work due to serious illness or injury. $25,000 59 30 Get quoteMore info
Income Protection
Income Protection
Receive up to 75% of you income (up to $10,000 per month) of your income if you're unable to work due to serious illness or injury. $10,000 59 21 Get quoteMore info
Ezicover Income Protection
Ezicover Income Protection
Cover up to $12,000 income replacement when unable to work in any occupation due to sickness or injury. First month of cover is free. $12,000 60 30 Get quoteMore info
For most of those who enter into a career in media, the goal will be to work their way up the ranks and enjoy progression within the field, which will naturally lead to even greater rewards and a better salary. Of course, some may enter into their careers at a fairly senior level, which means that they can start enjoy rewards such as a great salary right away. For some people, a career in media is a career for life.

However, no matter how happy you are in your media career, and how safe and secure you are with your job, it is an unfortunate fact that something totally out of your control could suddenly stop you from being able to perform your job, which could ultimately result in you being unable to work and earn your money – for a while at least. This includes debilitating illness or injury, which could stop you from being able to work and could see you go from enjoying a good income to bringing in no money at all because of your situation.

Protecting Your Income in the Event of Illness or Injury

Illness and injury cannot be accounted for because you simply don't know when they might strike and how severe they may be. Of course, we all get ill from time to time but, luckily, the illness isn't usually bad enough to stop us from working on a long term basis. We may even have little accidents and injuries that may results in us having to have a little time off work. However, we can still go back to work and continue earning our salary.

media professionals, just like workers in other fields, are at risk of falling victim to debilitating illnesses or injuries, which could put them in a position of inability to earn an income

Unfortunately, however, media professionals, just like workers in other fields, are at risk of falling victim to more debilitating illnesses or injuries, which could put them in a position where they are unable to continue working for a long period of time and are therefore unable to earn the income that they have become used to. If you work in media and find yourself in this position, you will have the huge worry of how you will keep up with your payments and financial obligations, including essential payments such as mortgage or rent, bills, food, debt repayments, etc.

Having your income cut off suddenly as a result of being unable to work due to sickness and injury can have a huge negative impact on your quality of life. It can be particularly difficult for those who have become used to enjoying a certain lifestyle based on their income as a media professional. But it is not just luxuries that you may have to do without in the event that you find yourself in this situation – you could also find yourself without the ability to make essential payments, particularly if and when your savings start to deplete.

Income protection insurance for media professionals is one simple yet highly effective way of avoiding this sort of situation. Of course, taking out this sort of insurance cannot stop you from getting ill or sustaining a debilitating injury that stops you from working. However, it can help you to avoid being left without an income, which means that you can avoid the added financial stress at a time when you will already have your health and wellbeing to worry about.

How Income Protection for Media Professionals Works

It is important to remember that income protection cover in Australia is designed to provide protection in the event of sickness or injury but not for other reasons such as redundancy.

The way in which income protection for media professionals works is simple. Basically, you can protect a pre-arranged percentage of your regular income based on the plan and provider you choose, so you will continue receiving the protected portion of your income in the event that you are unable to work and earn due to sickness or injury.

It is important to remember that income protection cover in Australia is designed to provide protection in the event of sickness or injury but not for other reasons such as redundancy. Income protection cover in many other countries also provides cover in the event of redundancy which can easily confuse you as you search for options, especially online. However, this is not the case in Australia, so media professionals in Australia should remember that their cover will be valid in the event of illness or injury only.

If you are struck down with an illness or injury that stops you from working, you will be able to continue receiving an income by way of your policy benefit by making a claim. The amount of income that you receive, the period over which you continue to receive it, and the amount of time you have to wait before you start receiving it will be dependent upon the plan that you take out.

Finding the Right Income Protection for Media Professionals

In order to get maximum benefit and peace of mind from your income protection plan, you need to ensure that you look for the right income protection for media professionals. The last thing you want to do is pay monthly premiums towards a plan that is not going to meet your needs, so taking the time to search out the right plan from the start will benefit you hugely in the event that you need to make a claim in the future.

Whilst we all hope that we will never have to make a claim on this sort of insurance cover, taking the time to find the right coverage for your needs will ensure that you are not left struggling in the event that you do have to make a claim. There are certain things you need to look for when searching for the right income protection cover and this includes:

  • Finding cover at the right price
    Budget is a big factor for most people in the current financial climate, and you need to ensure that you can keep up with the premiums in order to keep your cover running. You should therefore make sure you compare the cost of income protection cover for media professionals, so that you are able to find a plan that comes with affordable premiums to fit in with your budget. Make sure you work out your maximum budget beforehand so you know which plans you can afford and can therefore consider.
  • Ensuring you have adequate cover
    You should remember that the level of coverage you can take with income protection cover will vary based on the plan and provider you choose. In general, you should be able to enjoy covering up to 75 percent of your regular income, which means that you will still receive three quarters of your income if you opt for maximum coverage. However, the maximum amount you will be allowed to cover can vary based on the provider and plan you choose, so make sure you check this carefully before you make any commitment. It is important to ensure that you do have adequate coverage to suit your needs, and this means working out how much of your regular income is normally spend on essential payments that you need to keep on top of (e.g. accommodation costs, food, bills, etc). You will then be able to determine the minimum level of protection you need to ensure you can keep on top of your financial obligations.
  • The details of the plan
    You need to ensure that you look at the finer details of any income protection plan you are considering, which means looking at areas such as the period over which you will receive benefits, how long you will have to wait before you receive benefits, and any restrictions and exclusions on the plan.

It is important to compare a range of income protection plans and providers in order to boost your chances of finding the right plan for your needs. You will find a huge range and choice of plans on the market today from a wide variety of providers. One of the easiest ways to compare the different plans on offer from the variety of providers is to go online, where you will find many income protection plans for media professionals. The benefits of using the internet to find your income protection plan include:

  • Convenience and ease
    The convenience and ease of being able to browse and compare from the comfort of your own home is something that will appeal to many people looking for this sort of protective insurance cover.
  • Choice
    You can enjoy a huge choice of income protection plans online, making it easier to find the right plan for your needs and budget. You will also find a great choice of providers offering these plans, so finding the perfect plan at the right price will become far easier.
  • Value for money
    You will often find great value for money on the cost of you income protection insurance cover when you go online, which means that you can stay within budget without having to compromise on the level of coverage you take.
  • Speed
    Finding and arranging your income protection cover online can save you a huge amount of time, which means that you can get your cover arranged without any hassle and without having to dedicate a huge amount of time to getting this sorted.

Find out about Media Liability Insurance

The Key Benefits of Income Protection for Media Professionals

Most media professionals will hope to be able to earn a good income for the rest of their working lives. However, if illness or injury stops this from happening, income protection can prove invaluable. There are many benefits that come with taking out income protection insurance for media professionals, which includes:

  • Peace of mind Having income protection insurance provides you with the peace of mind that you will not be left without an income in the event of illness or injury stopping you from working.
  • Steady income If you do have to stop working and you can no longer earn your money due to sickness or injury, income protection insurance will ensure that you continue enjoying a steady income for a specified period of time or until you are able to start working again.
  • Ability to keep up with payments Even though you are not working and earning, income protection insurance will ensure that you are getting money to deal with bills, accommodation costs, food costs, and other essential payments that you might otherwise struggle to pay.
  • Reduced financial stress When you are trying to recover from an illness or injury, the last thing you want is to also have a financial crisis on your hands. When you have income protection insurance in place you will be able to focus on your health rather than stressing out about your finances.

Take Out Income Protection Insurance for Media Professionals Today

Though many of us don’t realise it, our ability to earn an income is perhaps the biggest asset we have at our disposal. This is true for people in all sorts of occupations, and the financial effect of being forced from the workforce due illness or injury can be devastating.

This is why it makes such sound financial sense to take out income protection insurance. Income protection cover provides a steady stream of income when you are unable to do so, ensuring that you are able to keep paying off your mortgage, repay other debts and manage ongoing expenses. You can continue to provide for your family and can simply focus on getting better, rather than having to deal with stress and sleepless nights as you worry about finances. In short, income protection insurance offers essential financial cover for media professionals.

Enquire About Income Protection Insurance for Media Professionals

Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback