An income protection policy may replace part of your income if illness or injury prevents you from working, subject to its terms and the insurer’s assessment. Compare the waiting period, benefit period, payment percentage, definition of disability, exclusions, indexation and any offsets for sick leave or government benefits. Check whether cover is held personally or through super, as features, costs and tax treatment can differ. Read the product disclosure statement and consider speaking with a licensed financial adviser or the insurer before deciding which level of cover suits your circumstances.