AAMI Income Protection Review
By Peta Taylor
- Maximum % of income Covered
- 75%
- Maximum Monthly Benefit
- $10,000
- Maximum Entry Age
- 60
- Maximum Benefit Period
- 5 years
Summary
AAMI offers decent coverage limits yet is still better priced than its competitors. Read on for more details.
Save up to 10% on premiums every year for the life of your AAMI Income Protection policy. T&Cs apply.
Pros
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AAMI offers decent coverage limits yet is still better priced than its competitors.
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It has a good finder score of 8.8.
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It can cover up to 75% of your monthly income, which is higher than some others.
Cons
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It covers you for up to $10,000 monthly - lower than some other providers.
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Death cover is not included like it is with some other providers.
Details
Product details
| Maximum Monthly Benefit | $10,000 |
| Maximum % of income covered | Up to 75% |
| Maximum Benefit Period | 5 years |
| Expiry Age | 65 |
| Maximum Entry Age | 60 |
| Waiting Period Options | 14, 28, 60 or 90 days |
| Death Cover | |
| Underwriter | TAL Life Limited |
Current offers from AAMI Income Protection
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How we picked theseDetailed overview of AAMI income protection
What you're covered for
| Feature | Definition | AAMI's coverage |
|---|---|---|
| Maximum monthly benefit | This is the maximum dollar amount that AAMI is willing to cover you for. | $10,000 |
| Percentage of income covered | This is the maximum percentage of your income that AAMI is willing to cover you for. | 75% |
| Maximum benefit period | This is the maximum length of time that AAMI will pay your benefit for. | 6 months, 1, 2 or 5 years |
| Expiry age | This is the age when your policy will expire. | 65 |
| Max entry age | This is the oldest you can be when you take out a policy. | 60 |
| Waiting period options | This is how long until your policy begins paying out. | 14, 28, 60 or 90 days |
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Frequently asked questions
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