Income Protection
As can be seen from the image, there are many insurances we take out as individuals to ensure peace of mind to cover ourselves. For instance only 8% of us have income protection when 17% of us card protection, you have to question which is more important? Income protection is tax free, and can be taken at varied levels to your individual situation. By protecting your income, you are provided with peace of mind that all your financial needs are met.
Income Protection starts paying out after you have signed off work by a doctor. Because you are far more likely to be unable to work due to illness than to die, Income Protection is more important to have than life cover.
Don't confuse proper Income Protection with lesser types of policy sold under similar names. These never pay out for more than two years - and usually not for the conditions most likely to cause you to be off work.
What's covered?
Everything: if your income is the one thing that pays for all your outgoings, Income Protection covers everything you pay for.
The best policies provide a tax-free monthly amount until your retirement date.
- Protect against disability and sickness - you can opt for unemployment cover too
- Homemakers can cover the cost of homecare and childcare
- Income Protection pays out until you're able to start working again - or for the period you choose
The most comprehensive Income Protection policies are 'Own Occupation' policies, which cover you if you're unable to do your current job. Beware of 'Any-Occupation' cover which only pays out if you're unable to do any paid work: you could be off work but not ill enough to claim.
We will ONLY recommend an Income Protection policy that will pay out if you're unable to do your own job.
Call us to find the policy that best suits you.
For car, card protection and pet insurance we act as introducers only.
Income Protection starts paying out after you have signed off work by a doctor. Because you are far more likely to be unable to work due to illness than to die, Income Protection is more important to have than life cover.
Don't confuse proper Income Protection with lesser types of policy sold under similar names. These never pay out for more than two years - and usually not for the conditions most likely to cause you to be off work.
What's covered?
Everything: if your income is the one thing that pays for all your outgoings, Income Protection covers everything you pay for.
The best policies provide a tax-free monthly amount until your retirement date.
- Protect against disability and sickness - you can opt for unemployment cover too
- Homemakers can cover the cost of homecare and childcare
- Income Protection pays out until you're able to start working again - or for the period you choose
The most comprehensive Income Protection policies are 'Own Occupation' policies, which cover you if you're unable to do your current job. Beware of 'Any-Occupation' cover which only pays out if you're unable to do any paid work: you could be off work but not ill enough to claim.
We will ONLY recommend an Income Protection policy that will pay out if you're unable to do your own job.
Call us to find the policy that best suits you.
For car, card protection and pet insurance we act as introducers only.