Income Protection Insurance will pay you a liveable 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). When calculating the benefit, you need to consider your outgoings.

You also need to decide how long you could wait before the policy benefit is paid out i.e. 4/8/13 weeks, and also to what age the benefit would be paid if you were permanently incapacitated.

Short term income protection is also available that pays out much quicker but will only last for 2 years.

We will be delighted to advise and guide you through the (sometimes) complicated process of ensuring your financial independence in the event of you losing your income.

What would you do if sickness or injury prevented you from earning a living? How would it effect your lifestyle and loved ones? Your income stops but the bills just keep rolling in! Income protection cover is designed to ease these pressures when unforeseen circumstances arise. Knowing your financial situation is protected, gives you that extra time and support enabling you to concentrate on your recovery.

There are hundreds of insurance providers throughout the UK offering a wide range of income protection cover. Searching these companies will enable you to find a policy that best suits your individual needs. Have you thought the type of policy you are looking for? What your requirements would be? The main advantage of having life protection cover is that it concentrates on offering an extensive range of cover for conditions often excluded in similar policies. More often than not, these excluded conditions are more commonly suffered than the illnesses you are covered for!

One of the most common conditions being mental illness- this includes anxiety, stress and depression. All of which are becoming increasing common in the UK due to our hectic lifestyles. Mental illness is usually excluded in similar policies. Do you suffer from any of the above? If so, income protection cover is definitely the policy for you. Another benefit to this type of cover is that most providers of this policy offer a continuous plan. In most cases, you will be fully covered until you know longer need the policy. With a competitive market of insurance providers offering cover you can shop around for an affordable plan tailored to   your needs.

Start searching for your income protection insurance and discover what benefits it can provide, not just for you but also for your partner or children in the event of injury or illness.