An income protection insurance guide should explain how a policy may replace part of your income if illness or injury prevents you from working, subject to its terms. Compare the waiting period, benefit period, payout percentage, definition of disability, exclusions and whether premiums rise over time. Check whether cover is held through superannuation or bought directly, as features, tax treatment and claims processes can differ. Read the product disclosure statement and consider speaking with a licensed insurance adviser to assess whether the cover suits your work, finances and existing benefits.