Archive for the ‘incomeblog’ Category

Avoid leaving you and your family high and dry in the event of accident or illness with the right income protection insurance.

Wednesday, February 8th, 2012

No individual can predict exactly what is going to happen the next day and in the tragic event of accident or sudden illness you are able to protect both the financial interests of you and the loved ones you may support in your life by covering your expenses while out of work under unexpected and unfortunate circumstances such as accident, illness or redundancy. When something like this occurs in your life it is a real shock, however a massive weight can be lifted off your shoulders with this type of cover which will insure any individual’s gross income of up to 65% with reliable income protection companies; ensuring that you are financially secure whatever happens.
It is not even always physical affliction that is covered by the company, one of the most common and increasing types of ailment being mental illness, which can sometimes be the most traumatic and chronic of diseases. In the event of such a case the last thing anyone needs is extra pressure and stress to provide for their loved ones and in today’s current climate people suffering from mental illnesses such as anxiety and depression are on the increase in the UK due to the extra pressures in life, especially those of the working class.
Having been involved in quite a serious road traffic accident myself recently and not being able to claim compensation due to the circumstances of the situation, I was left in a real dark place, not being able to properly provide for my family and having to claim minimum benefits which was an arduous process in itself. After experiencing such a devastating time in my life I decided to take out income protection insurance and haven’t looked back since, feeling safe in the knowledge that if anything like this was to happen again, my life would be made so much easier.

Why you need income protection insurance more than ever during this time of economical crisis.

Wednesday, February 1st, 2012

The number of people seeking IPI has risen considerably during the recession as both workers and businessmen are in fear of losing their regular income, which is why it is of great importance that you ensure you are financially covered in case of such disposition to your regular income or company finances. If this was to happen the insurance typically covers: mortgage payments, credit card payments, the payment of household bills, day to day living expenses and maintenance costs for businesses undergoing detrimental consequences of such difficult times.
As you can see if you were to undergo such hardship without an insurance plan to cover your back you’d have a great deal to lose and would more than likely come out of it with near to nothing. Although prevention may be completely impossible during this rocky climate, a suitable aid to your financial losses will be there to ensure that you are not left at a total loss with great services including expert help and advice from income protection companies.
So with your best interests at heart it would be greatly advisable that whether employer or employee, you can put your mind at rest by taking out income protection insurance. Don’t lose out on the lifestyle and/or business that you have put great time and effort in working for, and eliminate any chance of complete financial devastation with an income protection insurance plan that is simple, easy and affordable to suit you and your requirements.

Ensure that if you lose your job you are covered.

Wednesday, January 25th, 2012

Due to the economic situation many people are losing their job and not knowing what to do however if you were to have income protection insurance you would be able to carry on as normal until you found another job. Income protection insurance provides you with a steady income each month which is normally a percentage of your income so that you can still be financially stable.
None of us can imagine how tough and full of stress it is to be out of a job when we have to provide for a family and I’m sure that many of us wouldn’t wish this on anybody however it is happening all over the UK due to the large amount of job cuts but you don’t have to suffer if you purchase income protection insurance today.
Your income protection insurance could provide you with the means to carry on as normal whilst you found other arrangements regarding your job. You will be provided with money each month which allows you to buy necessities such as food, bills and clothing.
Income protection allows you to have peace of mind and little comfort if you were to lose your job as you know that you can still afford the necessities in life and that you don’t have to compromise your living standards and health due to lack of money.

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 is worth taking out!

Tuesday, January 10th, 2012

There are many different forms of insurance available to you but how do you know which insurance is actually worth purchasing?
Individuals do not think twice about purchasing insurance for such items as cars or homes because it is known just how much they’d be devastated if anything was to happen and couldn’t afford to fix it. People insure their cars because it is illegal not too but if you were to be in an accident and your car was written off it is highly unlikely that you would be able to instantly replace it which is why your insurance comes in handy because you receive a payout which allows you to purchase a new car.
One thing many do not usually think about insuring is themselves and making sure that they are protected; and in this respect the focus is  not about life insurance but about insurance which will be useful to you when you are alive, like income protection insurance.
Income protection insurance works very similar to car insurance, if you were out of work due to an accident or illness you would struggle to meet your financial commitments but having an income protection policy means that when you make a claim you will receive payouts almost like a replacement wage allowing you to continue to meet your financial commitments.

Happy New Year!

Monday, January 2nd, 2012

As many return to work and are back in the office after having a lovely holiday for Christmas and New year, it is hoped that you have all enjoyed your Christmas and New Year as much as each other.
When you were making your new year’s resolutions did you think about protecting your income? The sound advice is that you should make protecting your income one of your resolutions of 2012, every year more and more people are ending up out of work and so you should give yourself all the protection possible so that you do not end up in an extremely difficult place if you were to lose your income.
Income protection can help you as you will receive on average 65% of your income before you were out of work, this would be paid out to you in either weekly or monthly tax free payments. By having income protection insurance not only are you protecting yourself but you are also protecting your family. When you receive payouts from your insurance policy you can choose to spend them however you wish too, however the idea of the insurance policy is so that you can continue to maintain your financial commitments which would normally come out of your income.

Look ahead to the New Year with income protection insurance.

Thursday, December 29th, 2011

If you are planning on looking ahead to the New Year you may find it beneficial to take a few moments out to think about how you would cope financially if you were to be out of work due to an accident or illness this coming year. Many people would find that they would be in financial difficulty because of how heavily they rely on their income to pay the mortgage and bills and they will worry throughout the year about what would happen if they were to be out of work. You can save yourself from having this worry if you were to take out an income protection insurance policy. This is because you would have the peace of mind that if you were to be out of work then your insurance policy would pay out allowing you to maintain your financial commitments with very little difficulty.
The New Year is a time to be happy and look ahead to all of the things you would like to achieve in the coming year and so you should ensure that you can look ahead to the good times and not worry about the bad times that may or may not come by taking out an income protection policy with a trusted income protection insurance provider.

Avoid ending up in financial difficulty with income protection.

Tuesday, December 27th, 2011

If you do not wish to be faced with the devastating loss of income if you were to be out of work due to an accident or illness then you should give yourself the protection you require with an income protection insurance policy. Not a single one of us would choose to be out of work, especially when there is a high rate of unemployment within the UK making it very difficult to find a job because not only are this there less of them around but there is also a lot more people applying for each individual job.
If you are out of work due to an accident or illness you want to be able to focus on your recovery rather than worrying about how you are going to afford to meet your financial commitments because you have had such a loss in household income. By taking out income protection insurance your loss in household income will not be as significant once you start receiving your payouts. The insurance payouts from an income protection policy are on average 65% of your income, they are also tax free allowing you to receive the full amount of your payout. The insurance payouts are paid to you in monthly or weekly payments, very much so like a wage.

Income protection insurance can be beneficial to you.

Thursday, December 22nd, 2011

Income protection insurance offers you an array of benefits. The main benefit that it offers you is a replacement income, the replacement income you receive will allow you to maintain your financial commitments such as your mortgage, bills and loans. Having an income protection policy will also reduce the amount of worry you may have when you lose your job as you have the reassurance that you will still have a source of income even though it may not be the same as what you are used to.
When you choose to purchase income protection insurance, you along with your insurance provider will choose how long your payments will be deferred for, this means you will choose how long you wait between making your claim and when you receive your first payout. The short the deferred period the more your premium is likely to cost you, however if you know that you would not be able to manage very long without your income then it may be wiser to pay the higher premium.
Your insurance premium will depend on your age, health, occupation, smoker status, the amount of cover you require and more. The younger and healthier you are the cheaper your premium will generally be, if you are a smoker your insurance premium will be more than that of someone else who is the same age, is in the same state of health and who has the same occupation, this is because there are many well known health risks which are more likely to occur if you are a smoker.

Protect your income this Christmas!

Monday, December 19th, 2011

Income protection insurance could be very beneficial to you at this time of year. The specialist insurance companies know that losing your income is devastating at any time of year, however you may find that it has even more devastating effects at this time of year. Losing your income at this time of year could make this Christmas one of your worst ones to date, especially if you have a young family at home who will be expecting Santa to bring them lots of presents. Losing your income at this time of year will cause you extra worry on top of worrying about how you are going to be able to afford to maintain your financial commitments. Christmas and New Year are supposed to be joyous times but you will not be feeling particularly joyous if you have lost your job.
Income protection insurance will allow you to feel secure if you were to lose your job at this time of year as you would be aware that once you have contacted your insurance provider you will be able to find out when you can expect to receive your insurance payouts which will help you cover your financial commitments, and without this added worry you will still be able to enjoy Christmas and New year.