Income Protection

Income Protection is cover that will provide you with a replacement income if you are unable to continue working due to illness, injury, disability or accident. It is highly recommended for anyone who is currently earning an income – regardless of whether or not they support dependants.

How does Income Protection work?

Income protection will pay a predetermined replacement income should you be unable to work due to illness or injury. These payments are taxable and will continue until such time as you are able to return to work or until retirement age

What’s the difference between Income Protection and Serious Illness?

Income protection will provide you with specific payments should you be unable to work due to illness, injury or disability. You can claim as many times as the policy is in place and payments will continue until you can return to work.

Serious illness insurance (internal link) however, will only provide a lump sum payment should you contract a specific illness defined within your policy.

How do I know if I need Income Protection?

That’s an easy question to answer! Just think, if you couldn’t work and weren’t getting your salary, would you be able to cover all your bills – rent or mortgage, mobile phone, TV, car repayments etc. If the answer is “No”, then you should consider Income Protection.

Putting a policy in place gives you the peace of mind of knowing that if you were to be in a serious accident that meant you could no longer work you would have the necessary cover in place to pay your mortgage / rent and other important monthly bills.

Make an appointment today. Let’s get you covered!