Income Protection

Income Protection

In the event of losing your income due to illness, could you sustain your lifestyle? How far would state benefits go for you? Income protection forms as a replacement income in the event of inability to work due to illness, ask us about this type of cover today 
Protecting the one thing that pays for everything is crucial. What would you sacrifice without it...

Why?

So theoretically speaking this is the most important thing to consider as most lifestyles and commitments depend on a key thing which is earning a living and work. Work the least exciting thing for most, with most of the population waking up every day to drive into work and get paid at the end of every month. However, what would we do if we couldn’t do this and the money stopped, nothing to pay the mortgage, the credit cards or indeed the nice cars, gym memberships and trips out with the family. For us this kind of cover has to be considered - remember my spiel about insuring the car, this would go uninsured as well, so what if now…  

How it works?

Income protection provides an income when you are unable to work due to illness. It is designed to pay out a lump sum applicable to a percentage of your gross monthly income each month and this should kick in once any employer benefits have ceased. Again, in similar fashion to critical illness it provides peace of mind and the ability to recover rather than think you must return to work.
It can be setup on a short- or long-term basis payout, usually up to a maximum of age 65. But again this type of cover can be tailored to your individual circumstance or budget and there are various add on's to this type of cover.

How would you survive?

Some people like to rely on savings to deal with situations like being off ill long term, some even say the state will look after them however the facts are that the state will pay £94.25 per week (£4,901 per year) in sick pay.  If we work on a salary of £20,000 per year, could you afford to take a 75% pay cut? For monthly premium each month you can alleviate all these worries. Talk to us to discuss putting something in place and avoid any difficult decisions at a time you need to relax and get back to full health.
As with all insurance policies, conditions and exclusions apply

All the Protection you need, in one place

With so many options to chose from, speaking to a professional is crucial in getting the right level of Income Protection at the right cost. We use cutting edge technology and work with the UK's top insurers to ensure you are covered if the worst was to happen.
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