Income Protection
Get paid if you can’t work due to an injury or illness. An income protection cover is important for employed & self-employed people because when the income stops due to an accidental or sickness, the savings start getting used up. One phrase we use for customers for after an accident or sickness:
“When does your income stop? Tomorrow. When do your bills stop? Never”
Making sure you get a good strong policy
Making sure you get a good strong policy
People under estimate the impact of taking one income away and just surviving off the one income. Most insurers will insurer 50-60% of the income per individual. This is to encourage the injured or sick to go back to work and continue their work life. Making sure you get a good strong policy is really important, you can get cheaper policies out their but they can include exclusions or offer less cover for certain conditions.
Things to include:
Things to include:
- Fracture cover – if you break a bone, you can get paid for it so you don’t need to eat in to your savings from day 1.
- Children’s cover – If your child has a critical illness, some providers will pay out a lump sum so you can take care of them
- Benefits included with the policy is important for your family.
GET IN TOUCH WITH US
We strive to offer our customers the best customer service by giving help and advice on all the available options. Call today to receive advice on your bespoke protection portfolio.
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Mortgage Advice UK Limited is an Appointed Representative of Mortgage Advice Bureau and Mortgage Advice Bureau (Derby) Ltd which is authorised and regulated by the Financial Conduct Authority