Income protection

Expert advice in choosing the right level of income protection insurance

Liston Newton Advisory is rated 4.8 from 32 reviews

Protect yourself against unplanned events that stop you from working

Income protection insurance can be an excellent way to protect you and your family against unforeseen circumstances. Without income protection insurance, it can be difficult to keep putting food on the table and meet mortgage payments if you are unable to work.

Liston Newton Advisory can help you assess your personal financial situation and determine if income protection is right for you. We help you identify how much cover is appropriate, and understand how to choose the best income protection insurance cover for your family.

Income protection calculations
Insurance quotes and implementation
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Tax structuring
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Learn more about your business with our comprehensive guides

At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow.

  • Discover tax strategies and business structures available to you
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  • Get in touch with us for information tailored to your business

Get the best income protection insurance advice and support

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40 years of experience

Our team has over 40 years of experience helping our clients grow, while protecting their personal wealth with income protection insurance.

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Holistic advice

We take a holistic approach to your income protection strategy, that integrates financial planning, tax advice, and estate planning into your full financial picture.

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Access to trusted networks

You’re not operating alone. You can tap into our trusted network of financial advisers, estate planners, and a panel of over 15 insurance companies to ensure you get the best deal.

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A long-term collaborative approach

Income protection should take a long-term view. So we work with you to make sure you fully understand your insurance decisions, and what this means for your future.

Our income protection insurance team

We recognise that income protection insurance can often be an afterthought, so our goal is to make sure income protection is part of your long term financial planning. When undertaken correctly, the right income protection insurance can cover up to 75% of your income lost from injury or illness, right up until 65 years old.

Our experienced team work with you to determine if income protection insurance is right for your situation, and then help you secure the cover best suited to your financial goals.

This is peace of mind — for the long term.

Kieran Liston, Director | Adviser

Meet our team

We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Karsten Horne
CEO, Reho Travel
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Lisa Clarke
SL Constructions
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Peter Luskan
Pandora

Our method for your personal insurance planning

We’ve developed our own distinct methodology for helping you plan your financial future. We call it Get Set, Get Moving, Get Free. Part of this process is planning for situations where you’re no longer able to work, and putting insurances in place to ensure your family and finances are protected.

Income protection insurance is just one of the tactics we can help you with.

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Income protection expertise you can trust

Our specialists help you determine the best personal insurance strategy for a secure future.

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Protect your income against whatever the future brings

Get advice and guidance on the best income protection insurance that enables you to live comfortably, no matter what.

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Frequently asked questions

What is income protection?

Income protection insurance protects you against a loss of income through injury or illness.  Income protection can pay you up to 75% of your normal annual income for 2 years, or right up until age 65.  It can be an invaluable way to protect you and your family against unforeseen circumstances that prevent you from returning to work.

Income protection insurance can be vital if you’re:

  • A small business owner or self-employed
  • Supporting a family
  • Still paying off a mortgage
  • Looking to maintain financial independence in the event of injury or illness
How much should you spend on income protection?

How much you should spend on income protection insurance all depends on your personal financial situation. Rather than think about it in terms of what it costs, it helps to instead think about what it would cost to be out of work.

Income protection insurance is designed to support you for an extended period of time. So, to determine how much you should spend on your income protection, it’s useful to start by working out your budget. Map out all your monthly expenses, and match this against the income you’d usually earn. It’s also a good idea to plan for super payments, too, so you can continue planning for your future.

So ultimately, what you spend on your income protection will be determined by the level of cover you require, and the value of the quote you receive. We can connect you with our network of over 15 trusted insurance providers, to ensure you get the best income protection insurance quote for your situation.

What do I need to consider when choosing an income protection policy?

There are a number of things you need to take into account when choosing the best income protection insurance policy:

  • Waiting periods. Generally, income protection insurance policies will include a waiting period of anywhere between 14 days, up to 2 years in some cases. You’ll usually find that the shorter the waiting period, the more expensive the policy, and vice versa. So when choosing your policy, be sure to factor in whether you have sick leave, annual leave, and savings or emergency funds available.
  • Benefit periods. The benefit period in your income protection policy is the period of time during which your payments last. Most income protection policies offer periods of between 2 and 5 years, or up to the age of 65. Typically, the longer your benefits last the more expensive your policy will be—but it also means you’re covered for longer.
  • Premiums. You will usually find you can pay your income protection insurance in one of two ways. Under a stepped premium your policy is recalculated every time it renews, and will usually increase as you get older. A level premium charges a flat rate at the outset, which is usually higher than a stepped premium, but isn’t likely to increase as much as your policy progresses.

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