Individual Income Protection Insurance Advice
An Income Protection plan is there to provide a regular income in the event you are unable to work due to an accident or illness. Income Protection pay out an agreed monthly income for as long as you are unable to return to work up until the agreed end date of the policy.
Income Protection plans are the bedrock of financial planning as invariable, our earning potential is often the most valuable asset we own. It is the factor of our lives that enable us to buy our homes, pay our bills, take holidays and enjoy ourselves. If this ability to earn money is taken away, Income Protection ensures we protect the most important things our income currently pays for.
An Income Protection plan is there for anyone who wants to ensure that they protect their household income. Often, employer sick pay arrangements will cover short term but what happens after that?
An Income Protection plan is designed to be independent of your employer, independent of a job change, independent of a employer contract amendment. Post Coronavirus will be a difficult time for Employees and Employers, it is important to work together to consider your needs to ensure we do what we can to protect our home ownership.
Income Protection is a very flexible plan that fits around your needs, income and current insurance.
An Income Protection plan has no cash in value at any time and will cease at the end of the term. If premiums are not maintained, the policy will end.