Indemnity
Under current tax legislation the premium paid for Deluxe Income Protection – Indemnity can be tax deductible in some circumstances (excluding the premium for the Accident Lump Sum Option). Most of the payments you receive are assessable as income.
Agreed
Under current tax legislation the premium paid for Deluxe Income Protection – Agreed Value is not tax deductible. Most of the payments you receive are not assessable as income.
