What is My Protection Plan insurance?
My Protection Plan is comprehensive Life and Income Protection Insurance that we offer through financial advisers who can help you choose the types and amounts of cover you need. We recommend you do use a financial adviser if you need personal advice. Financial advisers that sell My Protection Plan only charge level commissions or fee-for-service, which helps to keep the premiums affordable.
My Protection Plan is also offered through NobleOak’s alliance partners, to whom we pay commissions to help defray their promotion and distribution costs.
NobleOak’s My Protection Plan offers high levels of comprehensive cover, with up to $25 million for Life, up to $30,000/month for Income Protection and up to $5 million Total and Permanent Disability Insurance. There is also Business Expense Insurance available and Trauma Cover which you can add to your plan or hold as stand-alone cover.
The key features of My Protection Plan are similar to Premium Life Direct, which has won Canstar direct Life Insurance awards in 2016 and 2017 for both its Life Insurance and Income Protection Insurance.