Keeping Your Income Covered

Income Protection is a policy that will pay out a weekly/monthly benefit in the event that you cannot work due to illness or accident.

It will continue to pay this benefit until you are able to return back to work, or you reach the end of the policy term (which is usually your retirement age).  This ensures that you can remain financially stable and continue to pay the mortgage and bills whilst you concentrate on rehabilitation and getting better.

Our team of Independent Protection Advisers can help you find the right policy for your needs.  Looking at your situation to match the policy to your specific requirements, whilst sourcing the lowest cost provider for you that is possible.

They will take you through the whole process.  From sourcing the right policy, dealing with the paperwork for you, to getting the policy in force so you are covered

Do I need Income Protection If I Have Sick Pay

Typically, sick pay through your employment will only be for a short period of time (say 4 weeks).  Even if you are lucky enough to have sick pay for longer than the average (say 6 months), you are able to adjust the income protection plan to start once your sick pay finishes.

This can help lower the cost of the policy, as the longer this ‘deferred’ period is, then the lower the premiums will be.

Our advisers can help you understand when you would need a policy to start and how much that would cost per month.

Will I have to do other work, or does the policy cover My Job?

You can set up the income protection to cover ‘own occupation’.  This means that you are covered for the job role that you are currently doing and therefore if you are signed off work for that job then the policy would start paying out benefits with no worries about finding alternative employment.