Income Protection is an insurance policy which provides you with a regular tax-free income if you can’t work because of illness or disability. The benefit paid is up to a maximum percentage of your earnings – often 50% or 60%.
Policies pay out after you have been off work for a period of time known as the ‘deferred period’, and will continue to pay out until you can get back to work or until the end of the policy term – usually retirement.
You can choose a deferred period of four, 13, 26 or 52 weeks, depending on how long you may be able to survive on any savings or how long you receive sick pay from your employer. The longer the deferred period, the lower the cost.
We would be delighted to discuss Income Protection Insurance with you or to review your current arrangements. Whatever the nature of the review, as a Chartered Financial Adviser, you can be assured that we will provide a solution that is based entirely on your needs.
As a first step, please submit your details and brief requirements below. We will then make early contact to deal with your request.
Alternatively call us on 02920 887 733