Archive for the ‘Income Protection’ Category

Income Protection will lessen worry.

Monday, April 11th, 2011

In difficult times having peace of mind that your income is protected if you were to become ill and out of work can allow you to enjoy yourself when the opportunity arises.

Income protection insurance companies work with you to find a policy that fits your requirements, with advisers who will tailor a policy to suit your individual needs, which gives you the piece of mind that you’ve found the right policy. It is essential that our advisors are given all the correct information so that they can correctly tailor your policy.

When you take out your income protection you want a policy with an own occupation definition, which means that your insurance policy will payout if you are unable to do your own job. A suited definition means your policy will pay out if you are unable to do your own job or a job similar to your own job. You do not want to receive an any occupation definition as this means your policy will only pay out if you are unable to do any form of paid work.

Income protection will protect you.

Friday, April 8th, 2011

More and more people are now choosing to take out income protection due to there no longer being job security and everyone now being at risk of losing their job. The recession and current economic climate of the UK has encouraged people to reassess their finances and many are learning that if they were to lose their income they would encounter financial difficulty and both they and their family would be put through a difficult time.

Income protection will ensure you receive on average 65% of your monthly income paid to you either monthly or weekly tax free. If you were no longer unable to work due to an accident or illness your income protection policy would pay out. The payout will allow you to maintain your financial commitments while you focus on recovering from your illness or accident. Having an income protection policy gives you peace of mind that if you should be out of work due to an accident or illness then you will be able to pay your financial commitments and avoid financial difficulty.

Now is the time to protect your income.

Sunday, March 20th, 2011

In an age where job security is no longer taken lightly, there is definitely more call for protective measures such as viable insurance plans in the event that your income is threatened. There are so many different reasons that may present themselves during your life when you may find that your income is affected, whether through sickness or injury or perhaps through an economic crisis such as the last and latest recession that is still affecting many thousands of UK residents across Britain. 

The inevitable truth is that today, our income means more than anything, as without an income or when losing our income we cannot sustain the lifestyles, however conservative, that we have become so used to. To pen an old phrase, “Money makes the world go round”, there are no truer words spoken that reflect the way of life for civilisations across the globe, especially in the westernised modern world. 

Every little thing now costs money and without a steady income, life can be very uncompromising. With this in mind think how you would cope without your income and consider taking out a low cost, effective protection plan today.

Protect your income through spring and summer.

Thursday, March 10th, 2011

Summer is coming and we’re all looking forward to enjoying the sun and the holidays that have planned. Summer brightens up our days and causes us to forget about our worries and take a moment to reflect on all the things that make us happy.

Although we enjoy the summer, one thing no-one wishes to experience is falling into financial difficulty due to being off work because of an illness or accident. When you are off work for a long period of time it can be difficult to maintain our financial commitments as you will not receive your regular wage for the whole time you are off ill. If you were to have income protection you would receive a monthly or weekly tax free payout which would enable you to maintain your financial commitments such as your mortgage or rent.

We don’t choose to be out of work but we can choose to have income protection so that if we are unfortunately out of work through no choice of our own we will be protected and there will not be any extra strain of worrying about how we are going to meet the payments for all the bills we have and how we are going to pay our mortgage or rent.

By having income protection you can enjoy the summer knowing that if anything was to happen you will be financially stable and can focus on getting better. Enjoy the summer having purchased income protection for yourself.

Find the right income protection for you.

Monday, February 28th, 2011

Income protection is the most secure way of ensuring you will still be able to maintain any financial commitments you may have if in the worst case scenario you became severely ill or in an accident and are unable to work for a long period time. If you are out of work for long periods of time your employer will not continue paying you, and you will lose your income. If you protect your income you will receive 65% of your income in either weekly or monthly payments which are tax free, which will help you maintain your financial commitments like mortgage or rent payments.

If you were to choose income protection there are many financial advisers and insurance companies who can help you choose a plan that suits your needs, tailoring your plan so that it is perfect for you, making your income protection plans some of the best available. You can choose to pay your premiums annually of monthly so that they work around your income flow, as your circumstances change they often allow you to change your plan so that it will always be perfect for your situation.

The many income protection plans are designed to give you an income while you are off work for long period’s time because you are ill or have been in an accident. You will receive and income that is liveable dependent upon your occupation, financial commitments and the benefits you require.

Having income protection allows you to maintain the life you had before you were out of work.

What is income protection?

Tuesday, January 18th, 2011

Income protection is a form of insurance cover taken out to ensure your financial stability, if you were to suddenly become unemployed due to sickness or illness.

If you purchased income protection before you became unable to work then your cover would pay out either weekly or monthly, giving you financial security during such a difficult time. These payments would enable you to continue paying everyday costs such as rent or mortgage payments. All payments received are tax free. The average payout is between 50% and 75% of your income when the protection cover was taken out. Once you are able to return to work then the payouts will stop and you will be required to make the cover payments again.

There are three definitions of income protection which once one is chosen reflects the type of cover you’ll receive and your eligibility to receive payments. An own occupation definition will pay out if you are unable to do your job. A suited definition will pay out if you are unable to do your job or any job similar to your own job. An any occupation definition will pay out if you are unable to do any form of paid work. The best definition to receive is an own occupation as you will receive payout if you are unable to do your own job.

Most income protection policies do not cover unemployment due to redundancy. There are other insurance covers available which do cover redundancy unemployment.

Don’t resort to selling your treasured possessions when faced with a loss of income.

Thursday, December 2nd, 2010

It doesn’t have to become so desperate when you have lost a percentage or all of your income due to powers outside your control. With the rocky state of the economy over the past 3 years, it is easy to see why many have seen huge cuts to their income, either having lost their jobs and had to replace them with lower paid positions, salary and wage cuts or by seeing their working hours reduced by as much as 50%. A devastating occurrence for anyone to experience, where in the past many have had no other choice but to sell of pieces of personal items to pay bills, even in rare cases to purchase food and essential items. However, experts such as income protection insurance providers can help you by removing the need for you to give up any important personal effects, giving you the right protective cover for your income today.

Income Protection – Tax free payments for when you are absent from work

Tuesday, September 21st, 2010

Whatever the reason for being absent from work, whether suffering an incident, accident, illness or if you have lost your job due to closures or employers going bankrupt, the wise and prudent choice of taking out valuable income protection is a safe and secure way of ensuring that you receive a part of your monthly income tax free for however long you may be out of work, find alternative employment or reach the age for retirement, where your pension will begin paying out.

There are many incentives for those signing up for income protection as the industry remains highly competitive and the state of many individuals employment status remains slightly sketchy. Having the assurance that for an affordable fee, there are ways in which to protect your income from events that can occur outside of your control, you can easily achieve this with a bespoke income protection insurance policy.

With an increased number of companies offering income protection, choosing the best policy for you may become a headache. This is where you need to consider a well established and competent expert to deliver the customised solution that meets your requirements but with low cost premiums. Income protection insurance comparison sites purposely hone their expertise and knowledge to encapsulate policy members with a viable insurance package that offers the right level of cover if an income is crippled in any way.

You will receive tax free payments that will equate to a large percentage of your weekly, monthly wage or annual salary, each month until you return to work, find further employment or retire. The flexibility of such insurance plans means that you can begin paying your premiums on an annual basis or on a monthly basis to work best with your current financial set up. An income protection insurance plan is far more rewarding than receiving state benefits or sick pay and lasts for as long as necessary.

How income protection may help you.

Monday, September 6th, 2010

Whatever the reason and whatever the role you perform with your job or career, it is the same for everyone when faced with potential financial abandonment due to job cuts or the dissolution of a particular company. Income Protection Policies are designed to offer financial assistance, just as any other insurance policy is designed to help in the occurrence of an incident or event beyond your control.

There is an abundance of income protection insurance providers offering tailored and individual income protection cover at affordable rates, offering genuine, expert and professional assistance when you need it the most.

Taking out a policy can cover a large percentage of your earnings, enough to meet mortgage payments, rental payments or everyday utility bills and loans that you need to pay. Receiving a lump sum once a claim has been successful gives the policy holder peace of mind that bills can be covered for a period usually long enough to find alternative employment.

Advisors wait on standby to answer any questions and to discuss the individual requirements of all who contact them for information on what coverage they can secure.