Being out of work is a worrying prospect, especially if you are not able to work due to an injury or if you fall ill. Statutory sick pay can sometimes help you get through this troubled time, but for how long?
Income protection cover is a worthwhile service that can provide you with a replacement income should you not be able to return to work. Our independent advisers have plenty of experience arranging cover and helping you find the right policy to suit your needs.
How does it work?
If you cannot work, due to illness or injury, you are entitled to a tax-free monthly income. Often this policy insures you for up to 65% of your current gross income.
How long does the cover last?
Income protection can cover you until you reach retirement age at 65. Our team canhelp you assess the level of cover you need and how long you need it for, short-term plans are also available at a lower premium.
Income protection isn’t just a one-size fits all policy. There are a number of features available on your plans. Your cover will often pay out a proportion of the income you lose.
- Rehabilitation benefit allows you to return to work in a reduced capacity
- Proportionate benefit to return to a lower paid occupation
- Back to work support and counseling