What waiting period would you suggest for belinda and why

Reference no: EM132814650

Question - Belinda earns $200,000 p.a. plus superannuation guarantee contributions. Her personal expenses. including mortgage repayments are around $100,000 p.a. Belinda is in good health, age 47 and has two children still living at home. She has minimal savings outside of superannuation: two weeks of annual leave and three weeks of accrued sick leave owing to her from her employer. Advise Belinda in relation to her income protection insurance requirements. Assume the insurer will limit the cover to 75% of her income plus superannuation guarantee contributions.

a. What monthly benefit would you suggest Belinda take and why?

b. What benefit period would you suggest be taken by Belinda and why?

c. What waiting period would you suggest for Belinda and why?

d. Explain to Belinda of the advantages and disadvantages of level and stepped premiums.

Reference no: EM132814650

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