Financial stability is one of the foundations of peace of mind. Whether you’re a professional, self-employed, or managing a family household, the ability to maintain your income in times of illness or injury is crucial. That’s why having the best income protection insurance is not just an option — it’s an essential part of a comprehensive financial plan.
At Setch Group, we help Australians secure their financial futures through tailored advice and strategic protection. Our focus extends beyond simple insurance — we ensure every client has a safety net that fits their goals, lifestyle, and long-term wellbeing. This includes understanding the role of superannuation income protection, one of the most practical and tax-effective ways to safeguard your earnings.
What Is Income Protection Insurance?
Income protection insurance is designed to provide you with a regular income if you’re unable to work due to illness or injury. It acts as a financial buffer, covering a portion of your pre-tax income (usually up to 70–80%) until you can return to work or reach the policy’s end date.
The best income protection insurance helps you:
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Maintain your living expenses, such as mortgage or rent payments
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Cover household bills and medical costs
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Preserve your lifestyle and financial commitments
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Protect your long-term savings and retirement plans
At Setch Group, we understand that everyone’s circumstances are unique. That’s why we focus on customising your coverage — ensuring you’re protected for what matters most.
How Superannuation Income Protection Works
Many Australians aren’t aware that income protection can also be held inside your superannuation. This option, known as superannuation income protection, allows premiums to be paid directly from your super account rather than your take-home pay — helping with cash flow management and affordability.
Here’s how it works:
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Your super fund purchases the policy on your behalf.
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The premiums are deducted from your super balance.
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If you’re unable to work due to illness or injury, the insurer pays a regular income replacement benefit into your account.
While this structure provides convenience, it’s important to review the level of cover carefully. The policies offered within super can differ from those held outside super, often providing shorter benefit periods or limited definitions of disability.
That’s why Setch Group’s financial advisers take the time to analyse both options — in-super and outside-super — to ensure you receive the right balance of protection, tax efficiency, and flexibility.
Choosing the Best Income Protection Insurance for Your Needs
Selecting the best income protection insurance requires more than just comparing prices. It’s about finding a policy that aligns with your profession, income, and personal goals. At Setch Group, we help you navigate key considerations such as:
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Waiting Period: The time you must be off work before payments begin. Common options range from 14 days to 90 days.
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Benefit Period: How long payments will continue — from two years up to age 65 or even longer in some cases.
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Agreed Value vs. Indemnity Value: Policies may pay based on your income when you took out the cover (agreed) or when you claim (indemnity).
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Tax Deductibility: Premiums for income protection held outside super may be tax-deductible.
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Occupation and Risk: Coverage options and premiums may vary depending on the nature of your job.
Our expert advisers at Setch Group assess all these factors to tailor the ideal plan — ensuring comprehensive protection that supports both short-term needs and long-term security.
Benefits of Income Protection Through Superannuation
Holding your income protection insurance through superannuation offers several benefits:
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Ease of Payment: Premiums are automatically deducted from your super balance, reducing the impact on your regular income.
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Cash Flow Friendly: Helps you manage everyday expenses more effectively.
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Tax Efficiency: Your super fund may claim a tax deduction for the premiums, offering potential cost benefits.
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Simplicity: You can manage your insurance alongside your other super benefits.
However, it’s important to remember that super-based policies can also reduce your retirement savings over time. That’s why our advisers at Setch Group regularly review your strategy — balancing your need for protection today with your long-term retirement goals.
Why Income Protection Is Essential in a Comprehensive Financial Plan
Even the most stable income can be disrupted by unexpected life events. The best income protection insurance ensures that you and your family remain financially secure, no matter what happens.
By integrating superannuation income protection into your broader financial plan, you can:
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Maintain consistent income during recovery periods
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Protect your family’s financial commitments
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Safeguard your assets and investment goals
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Avoid early withdrawals from savings or superannuation
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Stay on track with long-term financial objectives
At Setch Group, we view income protection not as an expense, but as a powerful investment in your financial resilience.
Why Choose Setch Group?
When it comes to protecting your income, experience and personalisation matter. Setch Group’s team of qualified financial advisers brings deep expertise and a client-first approach to every plan.
What Sets Us Apart:
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Tailored Solutions: We provide advice based on your unique financial goals and occupation.
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Comprehensive Analysis: We compare multiple insurers to find the best income protection insurance for your situation.
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Superannuation Expertise: We guide you through the pros and cons of superannuation income protection, ensuring the right structure for your needs.
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Long-Term Support: Our ongoing reviews ensure your policy continues to meet your changing lifestyle and career circumstances.
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Transparency and Trust: We believe in clear communication, honest recommendations, and client-focused outcomes.
At Setch Group, our mission is to give Australians the confidence that their income — and future — are protected through the right financial strategies.
Conclusion
Life is unpredictable, but your financial stability doesn’t have to be. With the best income protection insurance, you can safeguard your livelihood, secure your family’s future, and protect your long-term goals.
Whether held independently or through superannuation income protection, the right cover ensures you’re prepared for life’s uncertainties.
At Setch Group, we combine expertise, integrity, and tailored planning to help you build lasting financial security — because your peace of mind is our priority.
