AAMI Income Protection Review
- 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.
Discount:
Get a $100 first year discount when you take out a new AAMI Income Protection policy. T&Cs apply.
Pros
-
AAMI offers decent coverage limits yet is still better priced than its competitors.
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It has a good finder score of 9.5.
-
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 |
Key takeaways
- AAMI Income Protection covers up to 75% of your income with a maximum monthly benefit of $10,000.
- This policy uses stepped premiums that increase with age and does not include death cover.
- You can save up to 10% annually on premiums, with a 5% discount for existing AAMI customers.
What different scores mean
9+
Excellent
These products offer great value, with a good score across both features and price.
7+
Great
These are competitive products, though they didn't quite get top scores.
5+
Standard
These products might offer less value or command a higher premium than others in the market.
0+
Basic
These products might only offer a basic set of features or aren't very competitive on price.
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseFinder Score - Income Protection
Income Protection is a little complicated and a lot overwhelming. That's why we made the Finder Score, to make it easier to compare Life Insurance products against each other. Our experts analysed over 12 products and gave each one a score rank out of 10.
But a higher score doesn't always mean a product is better for you. Your situation is unique, so your policy choice will be too. Don't think of Finder Score as the final word, but as a good place to start your life insurance comparison.
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Compare other products
We currently don't have that product, but here are others to consider:
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 |
Compare other products from AAMI
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Frequently asked questions
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