Income Protection

Income Protection Insurance provides a replacement income in the event you are unable to work due to a serious illness or injury, up to 65% of gross income. The income protection provides a tax-free benefit that can continue to pay until you return to work or reach retirement, ensuring essential household bills are continued to be met e.g. mortgage payments.

This benefit can begin to pay-out in as little as 4 weeks up to 24 months from date of claim, this deferral period is set by you at outset depending on your budget and requirements. Both short-term income protection and long-term income protection policies are available and again, will come down to individual requirements.

We will advise you on the factors that you need to think about and what will be the most cost-efficient policy to meet these requirements.  Clearly the level of cover is going to drive the cost and should be enough to meet your outgoings, but also the deferral period though which you will wait to receive payment is going to be very important both in terms of being able to manage and also, again for the cost of the cover.