Life Shield - Your Life, Your Protection, Personal Insurance

Income Protection for high income earners

Up until recently, it was industry standard to allow high income earners to insure up to $30,000 per month on their Income Protection policies. To receive this maximum as your monthly benefit, you needed to earn $560,000 per annum under the definition of ‘insurable income’ (gross earnings minus expenses required to earn your income).

Insurance companies limit benefits on Income Protection policies to ensure that there remains a financial incentive for the claimant on a policy to return to work – therefore it is not possible to insure 100% of your income.

Due to ever increasing costs of living we have recently seen insurers allowing up to $60,000 per month benefits to allow for this increased cost of living in the event that a major bread winner of a family is unable to work due to accident or illness.

There are now several companies whom offer this maximum Income Protection benefit to white collar professionals such as medical professionals (surgeons, doctors, dentists and other medical professionals) and lawyers, barristers and other white collar professional workers.

Additional financial requirements need to be met in the application process to enable the increased Income Protection benefit.


Life Shield is a specialist Personal Insurance brokerage business. We understand the marketplace for high income earners - whether you are in our specialist field of Medical Professionals such as Surgeons, Doctors, Dental Specialists or in other fields and we have the experience and knowledge to provide an efficient and professional service.


Either call us directly or use our online enquiry form to make an enquiry and we look forward to discussing your Income Protection and other Personal Insurance needs shortly.

Please make an online enquiry or call us and we look forward to discuss any queries that you have and assistance that you require regarding Income Protection.

Medical ProfessionalsClaims Assistance guarantee
Please complete the detailed enquiry form for a more efficient and tailored initial response.





After having had my income protection, with a company based abroad, for the last 15yrs I recently decided to sort it here in Australia.(Now based here so it makes sense.)
Needless to say the thought of trying to get a similar product for a good price was a concern....

Dr S.T (BDSc)
Newman, WA.

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