Picture this. You’ve got a solid income, a mortgage or two, maybe some shares, a growing super fund, and a pretty good handle on your tax (especially if you’re a TaxTank user, obviously).
You’ve done the hard work. You’ve got the plan. You’re in control.
And then bam… you step off a weird curb and tear your ACL. Suddenly, work is out. Physio is in. The couch is your new office, and your income? That’s out too, unless you’ve got income protection.
Because even the best plans need a backup when life throws a curveball.
The Thing We All Forget to Insure
We insure everything, cars, homes, pets, phones, even our dishwashers. But the one thing that pays for all of it? Our income? That usually gets left out. And the irony? It’s the only thing keeping the whole system running.
If you had a machine printing $100,000 a year, you’d insure it, right? Well… you are that machine.
Here’s some stats to drive the point home:
- Nearly half of Australians have less than three months’ worth of savings
- 40% of households are one unexpected expense away from financial stress
- And JobSeeker pays $380/week. Seriously how far will that get you these days… Especially if you’re a self employed sole trader or asset rich property investor trying to keep your finances in motion.
Enter Income Protection (aka: Your Financial Airbag)
Income Protection Insurance steps in when you can’t. If illness or injury takes you out of work, it covers up to 70% of your pre-tax income, paid in monthly instalments, so the bills keep getting paid, even if you’re stuck in bed watching reruns of “The Block.”
✅ You choose how long the cover lasts: 1 year, 5 years, or right through to age 65
✅ Some policies include rehab and retraining
✅ And yes – premiums are tax-deductible when held personally
✅ TaxTank subscribers get the first month free, because we’ve got your back too 😉
Why NobleOak?
We chose NobleOak because they’re doing for insurance what we’ve done for tax: Cutting the fluff and getting to the good stuff.
- Real-time quotes
- Fully-underwritten cover
- No brokers, no commissions, no “we’ll call you between 10am and never”
- Just solid, award-winning protection (30+ awards and counting)
- And for TaxTank subscribers: first month free
Oh, and you can do it all directly from your TaxTank dashboard. One click. Few questions. Zero pressure.
Moral of the Story?
Your income is the engine behind everything you’ve built including your lifestyle, your investments, your future plans. Protecting it isn’t dramatic, it’s just a practical step in looking after what you’ve worked for (with a side of tax deductibility when structured right).
Do you need it? Well the big question, if something unexpected did happen would your finances hold up? If you’re not sure, it might be time to click the button, explore your options, and give yourself one less thing to worry about.
First month free. Real-time quote. No fuss.
We’ve partnered with NobleOak to cut the crap, keep the cover, and bring you life insurance that’s actually worth your time.
Want access to exclusive perks like this?
Our partnership with NobleOak is only available to TaxTank subscribers. If you haven’t jumped in yet, now’s the time. Start your free trial today and unlock life insurance that actually has your back (without the BS).
