Australia and New Zealand are the main countries in which AMP Limited operates. However, it has a growing international presence and offices in the United Kingdom, the USA, Bahrain, India, Japan, China, Luxembourg, Hong Kong and Singapore, AMP Limited.
AMP which stands for Australian Mutual Provident is an Australian based financial services company that was founded in 1849 as a non-profit life insurance company and Mutual Society. AMP Limited floated on the Australian and New Zealand stock exchanges in 1998. Unbeknown to most people, the majority of AMPs shareholders live in either Australia or New Zealand.
Many people ask themselves "do I really needs income protection insurance?" Think of it this way, if you have people who are dependent on you financially or you have debts that your income alone services, consider the peace of mind that income protection may bring.
AMP won the title of Life Insurance Company of the Year at the 2016 Insurance Industry Awards and provided nearly $9.5 million worth of payments to its policy holders in 2015. By taking out income protection insurance with AMP, you can get the financial help you need when you are unable to work and get up to 75% of your income. Depending on the policy you take out, you may also be able to claim the premiums you pay as a tax deduction.
If you rely on the income you get from your job, income protection insurance should be at the top of your consideration list should anything happen that may impede your ability to work. AMP understand that a one-size-fits-all approach doesn't work with income protection when everyone has different incomes, expenses, number of children and lifestyles. That's why AMP provide a selection of income protection products such as flexible lifetime cover and their AMP Elevate protection.
Most people neglect to compare life insurance and take out cover because they think it costs a lot more than it does. You'll be surprised to find that the premiums for life insurance are generally less than other common insurances so don't put it off any longer. With Compare & Choose, you get access to multiple options so you can find cover that doesn't break the bank.