Income Protection Cover - Income Protection Insurance

What would you do if you could not work due to accident or ill health? If you had a reduced income, how would you pay your bills?

What if you fell from a ladder and injured your back and were unable to go to work on Monday? How generous would your employer be or, worse still, what protection would you have if you were self employed?

We all hope it will never happen but sadly, thousands of people are incapacitated unexpectedly who thought that it would never happen to them. And unfortunately never considered about taking out an income protection plan so have ended up losing their homes and loved ones.

If the reality is just hitting home then you need to think fast about taking out an income protection policy.

Income Protection Insurance will pay you a live able wage in the event of you being unable to work due to accident or sickness. Premiums are calculated on your occupation and benefit required (you can normally specify up to 65% of your gross salary). Click here for an Example Case Study.

INCOME PROTECTION COVER

Finding a reputable income protection provider that can offer you the income insurance protection you require can become tiresome and hard work. This is where we can help!

A specialist income protection insurance broker can advise clients on income protection insurance for many years. Specialist advice on income plan protection will allow you to find the right income protection insurance cover at the right price according to your particular circumstances. An independant insurance broker is not tied to any single income protection insurance company and can quote from a range of insurance plans from different income protection insurance companies ensuring that they will find you the best income protection available.

INCOME PROTECTION INSURANCE

We can offer you the benefit of Income Protection Cover within minutes based on the information you provide on the income protection quote form. Don't delay - rates are rising all the time. We will advise you on the most suitable Income Protection Insurance cover to your needs. We offer independent advice on any income protection plan you may require.
With so many types of insurance available it is hard to know exactly what or which type of insurance is what you require. Income protection insurance may seem like the insurance you require but then again when you explore other avenues such as critical illness insurance for instance the policies can seem to offer the same assurance as each other. If taking out an income protection plan or income protection insurance is not the type of insurance that you require or you are in anyway unsure, please check our page describing the different types of healthcare insurances available. We are well aware that there are plenty of different types of health insurance on the market. It can be very confusing. Picking the right plan can be an absolute minefield. If you are in anyway unsure what policy or plan to take then your choice of cover is something that is best decided after obtaining the advice from a specialist broker.

ACCIDENT SICKNESS & UNEMPLOYMENT (ASU)

The main difference between ASU and Income Protection Insurance is that the former is designed to cover payments for a mortgage/rent and a nominal amount for ancillary bills such as insurances, whereas the latter is designed to replace income. Therefore the criteria for ASU is different in as much, the amount you pay for your mortgage/rent is thus the cover you can apply for. Also bear in mind that ASU is normally written for a period of 12 or 24 months so a claim will only pay for this "short term" as opposed to Income Protection which can be written to retirement.

INCOME PROTECTION INSURANCE

Perhaps you are an employer or group leader looking to provide more in the way of healthcare cover for your members. If so, we can quote you for Group Income Protection. Check this section to find out why a Group Income Protection policy might be just the thing to improve healthcare for your staff, and for you. If you are not certain on income payment protection or the income policy protection you require please do not hesitate in contact us.

IS INCOME PROTECTION INSURANCE RIGHT FOR ME?

If taking out an income protection plan or income protection insurance is not the type of insurance that you require, please check our page describing the different types of healthcare insurance available. We are well aware that there are plenty of different types of health insurance on the market. It can be confusing. Picking the right plan can be a minefield. If you agree with us, your choice of cover is something that is best decided after obtaining the advice from a specialist broker.

Income protection insurance can also be known as payment protection insurance (PPI) although policies vary from company to company. Basically, they will provide you with a replacement income should you fall ill, become unemployed or suffer an accident. Under all these circumstances income protection can provide you with crucial cover.

When you take out a policy you will be able to choose the length of time you want to be covered for. Generally these types of policies are continuous, allowing you to opt out of them if you feel you no longer require the cover. On the other hand the longer you keep the cover, the more expensive your premiums will be. When searching for income protection insurance it is vital you choose a policy which best suits both your needs, and your budget.

There are several advantages to taking out income protection insurance. The risks of being unable to work due to accidental injury or an illness are far greater than we might expect. Currently over 2 million people employed in Britain, have been claiming incapacity benefit for six months or more. One of the most common conditions covered by income protection insurance is mental illness; this can include anxiety, stress or depression. These and several other common conditions such as cancer or heart disease are often excluded from similar types of policies.

Income protection insurance will provide security and protect you and your family’s wellbeing, if an event like this should happen. Searching a number of insurance providers will help you to find the best deal available to you at an affordable price. Depending on the insurance company you choose to take out your policy with, you will often gain added benefits included at no extra cost. This type of policy, unlike many will allow you to select cover until your normal retirement date.