Archive for the ‘Income Protection Cover’ Category

Keep your family protected with income protection cover.

Tuesday, March 20th, 2012

Income protection is ideal to take out if you/you and your family rely on your wages as it ensures that if you were in the tragic position of losing your job due to an accident or illness you would not be left in complete financial difficulty. If you were to lose your job you would be able to put your mind at rest knowing that you could receive approximately 65% of your income before you as out of work, which would be paid to you in completely tax free weekly or monthly payments. You can choose to take out a short term income protection policy which will pay out a lot quicker however the payouts will only last for two years therefore it is not always an ideal policy to take out, as longer term policy’s offers you much greater protection.

Finding and taking out the right income protection policy no longer needs to be complicated. Income protection insurance advisers will make the process of taking a policy out as stress free and as easy as possible for you. If you think that income protection is for you all that you need to do is get in touch with a financial advisor or insurance provider and you will be guided through the process. You will be asked a few questions and by the answers you provide experts will be able to suggest policies for you. They will also be able to tailor a policy to suit your exact requirements. These specially trained advisers will make sure that you fully understand the policy you have chosen and exactly what you will receive from it.

Give yourself added protection within income protection cover.

Saturday, March 3rd, 2012

When you live alone the only income you have into the household is your own and so if you were out of work you would struggle to meet your financial commitments. There are many people out of work due to accidents or illnesses which they have no control over, and so it is essential that you protect yourself in the event that this may happen to you. One of the ways you can protect yourself is with income protection insurance, having an income protection policy allows you to receive a payout of around 65% of your income, which is tax free. This payout will allow you to maintain your financial commitments while you are recovering, this can be a great weight lifted of your shoulders as you will not need to worry about how you are going to keep afloat when you are not receiving an income. When you are ill it is important that you focus on your recovery and so having an income protection policy will enable you to do this.
If you have any questions about income protection insurance and whether or not it is going to be of any benefit to you, speak to an independent financial advisor or income protection cover provider who will be able to tell you all about income protection and the benefits it offers. They will also be able to help you find a policy and you will see just how affordable it is to have that extra reassurance should anything happen.

Make the right choice with income protection cover.

Saturday, January 21st, 2012

Income protection insurance can help you avoid racking up large amounts of debt when you are out of work. At the start of a new year or at any point throughout the year you do not want to be ending up with large amounts of debt if you were to be out of work and unable to meet all of your financial commitments. One way to help make sure this does not happen is to take out an income protection insurance policy as the payouts you would receive would be able to help you maintain your financial commitments, meaning that there is no need to borrow money to cover them.
Insurers know that you may think income protection is another monthly expenditure which you can’t afford however they offer affordable insurance plans which will show you just how little it can cost you to get such high quality protection. There are many  online quote generators which allow you to find quotes from the UK’s leading income protection insurance providers at a time which is convenient for you. The quote generators will show you how affordable different policies are and it will also allow you to see exactly what each insurance quote covers so that you can make an informed and decisive choice.

Income protection cover is for you!

Thursday, November 24th, 2011

When you take out an income protection policy you will find that you can very easily put your mind at rest as you will know that you are protected if you were to be out of work due to an accident or illness. As much as individuals would want to their is no way to control when we fall ill and so it is beneficial to have a protection policy in case anything was to happen. An income protection policy will protect your income, and this means that if you were out of work and claimed on your policy, the policy would provide you with a replacement income. This income would provide you with on average 65% of your income before you were out of work and this would be paid to you in tax free monthly or weekly payments.

You may think that an income protection policy is not for you but what would you do if you were out of work due to an accident or illness and you had no cover in place? All you would be able to do is live off any savings you had scrupulously saved but once they have run out you will be in a very sticky situation. Income protection insurance is very affordable cover which you would greatly benefit from if you were to be out of work.

Protect yourself with income protection cover.

Thursday, November 10th, 2011

Income protection insurance is one of the ideal ways to protect yourself if you were to become ill and out of work. Nobody knows if they are going to be ill or end up in an accident but it is always best to protect yourself just in case something out of your control was to happen. If you are aware that you would be financially unstable if you were out of work then it is ideal to have a plan of action so that if something was to happen you are covered. We cannot control our lives to the extent that we know if we are going to become ill or in an accident, if we could we would and we would avoid such events occurring but as we cannot all we can do is put preventative and protection measures in places. Income protection insurance is an ideal policy to have in place this is because if you were out of work due to an accident or illness you would receive a weekly or monthly tax free payout in replacement of the income which has been lost. This payout allows you to maintain your financial commitments, leaving you to focus on your recovery so that you can return to work as quickly as possible.

Ensure that you understand you income protection cover.

Tuesday, October 11th, 2011

When you take out an income protection policy it is essential that you choose one which is right for you, your income protection policy protects you and so there is no need having a policy if it does not suit your needs. Income protection companies understand this, which is why many will tailor their policies to suit your needs. They also know that often when you receive your insurance policy it can seem like it is written in gobbledegook and is full of legal jargon, this is why there are advisers will explain your policy to you so that you understand exactly what it is that you are receiving, so that when your documentation arrives in the post you will be able to read it and understand what it all means.

They can make finding an income protection policy easy by offering quotes from many different providers, with advisers who can help find you the best quote from a number of insurance providers. Not only does this save you time as you only need to give them the relevant details once. It allows you to ask any questions you may have about the policies which have been found for you and it also allows you to find out what the policy will provide you with, by speaking to an advisor you can be clear on what your policy provides.

Take out the right income protection cover for you!

Tuesday, October 4th, 2011

Income protection insurance may not seem as though it is a type of insurance that you need, like car insurance and house insurance, you do not need to protect your income to receive it. Having income protection will lessen your worry in times of the recession this is because you will know that even if you were to lose your job due to an accident or illness then you would not lose out on your income completely. This is because income protection insurance will pay out up to 75% of your current income, you will receive this payout in weekly or monthly tax free payments, which will allow you to maintain your financial commitments such as your mortgage, bills and any loans you may have.
Income protection insurance companies know that losing your job is a devastating experience, which is why they encourage you to think about protecting your income before it is too late. Even when you protect your income, losing your job is a devastating time but it allows you to worry a little less because you will know that you will be receiving a payout from your insurance cover. Many income protection advisers can help you choose the right deferment period so that you know just how long you will need to wait for your first payout.

Make sure you are protected in case the unfortunate happens.

Thursday, September 29th, 2011

Being out of work can cause a lot of financial difficulty, if you have a family who rely on your income it can be devastating knowing that you are no longer going to be able to support them. This worry of financial difficulty can be even more of a burden if you are out of work because of an accident or illness; this is because you will not be able to actively seek out a new job as a solution to your loss of income. If you were to have taken out income protection insurance you would not need to worry as much about your financial difficulty, this is because you would receive a tax free payout of on average 65% of your gross income. This regular payment would hopefully allow you to meet your financial commitments without putting a strain on yourself, especially if you are ill or injured as you should be focusing on your recovery. Income protection specialists will work with you when you take out your policy to ensure that you know what your payout will cover and if it will cover all of your financial commitments. When you choose your policy you should make sure to account for all of your outgoings so that you know just how much your policy payout will cover.

Get an array of quotes for your income protection cover by using an online quotes generator.

Tuesday, September 27th, 2011

Finding an insurance policy and taking it out no longer needs to be complicated. There are now so many income protection insurance advisers who will take all of the stress out of searching for an income protection policy and then talk you through the process of taking a policy out. If you are looking for an income protection policy all you need to do is get in touch with a financial advisor or insurance company and one of their advisers will guide you through the process. By learning about you they will be able to recommend policies to you and they can also tailor a policy to suit your exact requirements, which may be much more beneficial to you than a policy you may find elsewhere. These advisers will ensure that you fully understand the policy you have chosen and what you will receive from it.
When you take out an income protection policy, it will allow you to receive a payout which on average is 65% of your gross income and this will be paid to you in weekly or monthly tax free payments. This policy is ideal to take out if you rely on your wages and live from payday to payday as it allows you to know that you will not be in complete financial difficulty.

In need of that little extra security when you feel your income is threatened?

Thursday, August 25th, 2011

It is an uncomfortable thought for so many of us, when we stop to consider what the effects of losing our income would be in the event that something beyond our control was to happen. The long and short of it is simple, there is very little we can do to avoid the unexpected as unfortunately hindsight is never 20/20 and can often throw a few surprise spin balls.

To gain a more accurate look at what the possibilities may be of an individual developing the need to make a claim on their income insurance, insurance companies rely on underwriting each application, based on a person’s age, physical condition, lifestyle, employment and many other factors to determine any particular risks and therefore present the best package for them and the correct premiums to pay.

Going back to the point of offering added security in the event of a loss of income, it is wise to take a look at the current economic climate too. In today’s society there are very few careers that offer a ‘job for life’ with many companies feeling stresses and strains of what is a very competitive world that we now live in.

In that respect, coupled with varying degrees of hazards within many jobs, there are many chances where individuals could suffer an injury or an illness that could prevent them from continuing on in their employment. In any case arranging the right cover could make all the difference when faced with such scenarios and gaining protective measures for your income earlier can prove to be a wise decision.