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Income Protection

Needing time away from work due to illness is something most people experience. For most people, a few days or a week wouldn’t cause too much of an issue financially, but if you need to take time off for longer, due to a longer illness, accident or recovery from an operation, income protection could help to take away any financial worries. This type of cover is designed to pay a regular monthly amount, a proportion of your salary, after an initial deferred period, (decided by you at the start of your policy). The policy will continue to pay a monthly income until you return to work, the policy or payment period ends, or the policy holder dies. The policy will also pay out until retirement.

Our Incomes are our foundation to everything we do. It’s our income that keeps a roof over our heads, pays the bills, buys the food and allows for treats to the restaurant and holidays. A loss of income could cause financial worries.

Have you thought about what would happen if you couldn’t work and you lose your income? Statutory Sick pay is currently just £109.40 per week.

A lot of clients I talk to are unsure of their employer’s sick pay policy as they have not needed to have any length of time off. You should find out as this may not be as long as you think. Even some larger Companies only pay sick pay for a short period of time. If you are self-employed or work on a freelance basis you should consider income protection.

I can advise you on the right type of policy for you circumstances and the right cover for your circumstances and your budget.

Please note for these insurance products, terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.