Income Protection

What is it?

An Income Protection plan is designed to pay out a regular monthly income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income until you die, are able to return to work or up until the end of the policy term which is normally either your planned retirement age or the end date of your mortgage.

Income Protection Plans are quite often seen as the foundation of any financial planning as without a steady income, you might struggle to afford most things in life.

Who is it for?

These types of plans are designed for anyone whom is working either in an employed or self employed capacity. It's worth remembering that even if your employer does provide sick pay, it is unlikely to last for longer than six months and so ongoing protection is essential.

Plans can be adapted to fit in with any benefits you already have from your employer.

If you would like to discuss your needs in this area please contact us to arrange a no obligation appointment. Find out more about our Protection products below

If the policy has no investment element then it will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.

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