Personal life and income protection insurance provides financial security for individuals and their families when it matters most. Whether it’s protecting the people who depend on you or safeguarding your ability to earn an income, the right cover gives you confidence that you’re prepared for life’s unexpected events.
Personal Life Insurance
Personal life insurance pays a lump sum benefit to your nominated beneficiaries in the event of your death or diagnosis of a terminal illness. It is designed to help your loved ones maintain financial stability, settle debts and plan for the future.
What are the benefits?
Some of the benefits of personal life insurance include providing a lump sum payment to nominated beneficiaries, helping cover outstanding debts such as a mortgage, replacing lost income for dependants, funding future needs like education costs, and offering peace of mind that your family is financially protected.
What can it cover?
- Death benefit paid as a lump sum to nominated beneficiaries
- Terminal illness benefit
- Total and permanent disability (TPD) cover
- Trauma or critical illness cover
- Accidental death cover
What usually isn’t covered?
- Self-inflicted injury within 13 months of policy commencement unless takeover terms apply
Other cover may be considered and additional exclusions may apply.
Income Protection Insurance
Income protection insurance replaces a portion of your income if you are unable to work due to illness or injury. It is one of the most important yet overlooked forms of personal cover — your ability to earn an income is often your most valuable asset.
What are the benefits?
Some of the benefits of income protection insurance include replacing up to 70% of your pre-disability income, providing ongoing financial support during recovery, covering a broad range of illnesses and injuries, offering flexible benefit periods and waiting periods to suit your circumstances, and helping you meet everyday living expenses without depleting savings.
What can it cover?
- Monthly benefit payments (generally up to 70% of pre-disability income)
- Short and long benefit periods (up to age 65 in some policies)
- Partial disability benefits
- Rehabilitation and return-to-work support benefits
What usually isn’t covered?
- Intentional self-inflicted acts
- Normal and uncomplicated pregnancy
- War or act of war
- Criminal acts
- Deregistration, disqualification or restriction which prevents or restricts you from performing your occupation
Other cover may be considered and additional exclusions may apply.
At DKG Insurance Brokers, we understand that the needs of each customer are different, therefore we will take the time to assess your individual risk requirements and deliver a bespoke solution. Please reach out to one of our experienced brokers today.
Important note− The information provided is general advice only and has been prepared without taking into account your objectives, financial situation or needs. When making decisions about personal life and income protection insurance, please consider the Product Disclosure Statement.
Personal life and income protection insurance is about more than financial products — it's about building a safety net that reflects your life, your responsibilities and your goals. We take the time to understand what matters most to our clients so we can recommend cover that genuinely protects them and their families.
Why Choose DKG People Risk?
Please reach out to our DKG People Risk experts,via email or call on 1800 252 926 to learn more about how we can tailor personal life and income protection insurance solutions to meet your unique needs.
Choosing DKG People Risk means partnering with a team that is deeply committed to your success. Our experience, combined with a profound understanding of both employer and employee needs, positions us uniquely to deliver solutions that truly make a difference.
>With DKG People Risk, you’re not just investing in insurance products; you’re investing in a brighter, more secure future for your entire organisation. Together, we can navigate the complexities of today’s workplace and build a foundation for sustained success.
We invite you to discover how DKG People Risk can help you protect your most valuable asset—your people. Let’s work together to create a supportive and resilient environment where both your employees and your business can thrive.
Personal life and income protection insurance is about more than financial products — it's about building a safety net that reflects your life, your responsibilities and your goals. We take the time to understand what matters most to our clients so we can recommend cover that genuinely protects them and their families.