Compare the policy’s definition of disability, waiting period, benefit period, exclusions and whether premiums are stepped or level. Check how the benefit is calculated, whether it offsets sick leave or other payments, and whether premiums may be tax-deductible depending on your circumstances. Make sure the cover matches your income, occupation and essential expenses, and read the Product Disclosure Statement carefully. A licensed financial adviser or the insurer can explain policy details and help you assess whether the cover suits your situation.