From providing financial support to covering outstanding debts and funeral expenses, our policies offer peace of mind and security for you and your loved ones. Explore our range of customizable options today and ensure a stable tomorrow for those who matter most to you.

DELETE- IP Details…With comprehensive cover, you can safeguard your financial stability by ensuring a reliable source of income during times of incapacity. Don’t leave your financial future to chance – protect yourself and your loved ones today with an Accident and Sickness Income Protection plan.

What steps can you take to maintain financial stability in case you or your partner becomes unable to work due to illness, injury, or job loss?

Engaging in a discussion with a charming individual encountered at a doctor’s office.

This policy can offer you a stable income right away, which is especially useful for those who are self-employed. Alternatively, you can defer the payments until your employer’s sick pay period concludes.

Depending on the insurer, the monthly payout typically ranges from 50% to 70% of your gross monthly income, tax-free under current regulations. It’s advisable to secure coverage early in life, as premiums are generally lower for younger individuals due to reduced risk.

For instance, a healthy 23-year-old non-smoker could expect to pay around £35 per month for coverage that would provide a monthly income of £1,375 for up to 45 years, accounting for the number of years until state retirement age.

Income Protection options include coverage for accidents, sickness, and unemployment, with various additional features and options available to tailor the policy to individual needs. These options encompass aspects such as qualifying periods, deferred periods, payment periods, level or indexed payments, and premium structures (guaranteed or reviewable).

Policyholders can choose between ‘Own Occupation’ or ‘Any Occupation’ definitions of incapacity, as well as opt for benefits such as waiver of premium or back-to-work benefits.

Some insurers may also offer protection for employment benefits like company cars or private health insurance, providing comprehensive coverage to safeguard against financial hardship in challenging circumstances.

Income Protection is a form of insurance that generally replaces a portion of your income (usually 50% to 70%) in the event you are unable to work due to an illness or injury.

The length of coverage depends on the waiting period you choose, which can range from one to twelve months. Income Protection policies can be either short-term (covering up to two years) or long-term (extending until retirement age).

The amount of premiums you pay depends on factors such as age, occupation, health, and cover level.

However, some policies may have exclusions for pre-existing medical conditions or injuries caused by certain activities. Income from the policy is usually tax-free.

Your occupation classification can also affect your premiums and eligibility. Ultimately, Income Protection provides peace of mind, ensuring financial stability during periods of incapacity.