What is Income Protection?
Income protection insurance is designed to give you some cover if you can’t earn an income due to a serious illness or injury.
If something happened to you would you be able to survive on savings, or on sick pay from work? If not, you’ll need some other way to keep paying the bills and you might want to consider income protection insurance.
Why Consider Income Protection?
How does it work?
Cost is based on type work you do, amount required and after what period of time
Income protection payouts are usually based on a percentage of your earnings: 50% to 70% is the normal
Income protection policies pay out only once a pre-agreed period has passed, generally ranging from one to 12 months after you put in a claim
You have to option to add an 'index-link' to your income protection, meaning it rises with a measure of inflation, such as the consumer prices index (CPI) or the retail prices index (RPI), each year
Let us help you identify the level and type of cover that will best suit your circumstances