Income ProtectionHelping you get the right deal on Income Protection Insurance
If something happened to you, would you be able to survive on your savings or work sick pay alone? An income protection insurance policy will cover a proportion of your loss of earnings (usually between 50% and 60%) meaning you can pay your outgoings during your period of absence from work. You’ll receive a monthly tax-free income until you’re able to return to work or until the policy expires.
In order to match your requirements with the right income protection policy, you’ll have a detailed and fully confidential consultation with one of our expert advisors. We will establish crucial details such as your age, occupation, your current state of health and family medical history. Based on all this information, we will find you the most suitable deal whilst keeping costs as low as possible.
In order to match your requirements with the right income protection policy, you’ll have a detailed and fully confidential consultation with one of our expert advisors. We will establish crucial details such as your age, occupation, your current state of health and family medical history. Based on all this information, we will find you the best deal whilst keeping costs as low as possible.
Get in touch for a free initial, no obligation Quote
Do I Need Income Protection?
Income Protection can be very useful for people who would struggle if they couldn’t work because of an accident or sickness.
If your savings won’t be enough to pay your bills for very long time after your sick pay finishes then income protection can help you replace part of your income.
Our advisers will recommend a policy which will help you should the worst happen so you don’t have to worry about the bills as much and concentrate on getting better.
When Will I Get The Money?
You will receive the pay-out after your deferred period. You choose how long you can last without the insurance, you might not need the insurance to pay out until your sick pay stops or your savings run out.
The longer your deferred period the cheaper your policy will be, some people would only want to wait 1 month where others can wait for 12 months. Your adviser will tailor the policy to your circumstances so you have the right policy to suit your needs.
Whats The Difference Between terminal Illness Cover and Critical Illness Cover?
Terminal illness cover is usually included on life insurance policies at no extra cost.
It could pay out your chosen amount of cover if you’re diagnosed with a terminal illness and have a life expectancy of 12 months or less, rather than on your death. Critical illness cover is available when you buy your life insurance at an additional cost.
It’s designed to pay out your chosen amount of cover if you’re diagnosed with one of the policy’s specified critical illnesses during the term of the policies even if you are not going to die due to the illness. This can help cover major expenses such as paying off your mortgage/debts, covering your bills or helping make home improvements to make things easier.
How Much Cover Do I Need?
This will depend on how much you need to make sure you and/or your family needs to make sure your financially comfortable if your income was to stop.
Most insurance companies will allow you to cover the majority of your gross salary, if Income Protection is something that you feel you may need we will be able to help explain everything and find you the right deal.
Guaranteed Premiums
Your premium is guaranteed. This means it will not change, unless you have chosen inflation-linked cover.