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Income Protection

Income Protection is an insurance policy paying benefits to the policyholder who is unable to work due to an illness or accident.

The state (government) provides very low level of benefit. If you’re unable to work because of illness; Statutory Sick Pay pays.

An Income Protection insurance policy can supply a much needed additional income to protect financial commitments and general day to day costs.

Income Protection insurance policy pays out weekly or monthly and most providers would pay 50%-70% of a total individual income. The policy term is very similar to life insurance i.e. 20 years.

A deferred or a waiting period is assigned with each policy I.e. 4 weeks or 13 weeks (on many occasions, individual sick pays paid by employers determine the insurance deferred period).

If you would like to know more, please submit your details and one of our insurance advisors will call you to discuss your requirements. We are ‘whole of market’ and work with a range of insurers from well-known house names such as Aviva, Friends Life, Legal & General and Zurich, amongst others.

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If you’re interested in an insurance policy or just need insurance advice, simply fill in your details below. An insurance advisor will be in touch to discuss your requirements.