Archive for the ‘incomeblog’ Category

Discover how income protection can help you.

Thursday, November 3rd, 2011

Discover how income protection insurance can help you when you contact an income protection insurance specialist. It’s a true statement that things instantly become difficult when an income is placed in jeopardy and more than likely you will begin to panic because how can you afford to run your home without an income? If you were to take out one of the many income protection policies in advance you would not find the need to panic. This is because you would be aware that you can afford to maintain your home as you would still be receiving an income, however at a lower rate than what you are used to, but this does not matter if it means you can afford to run your home by only making some minor adjustments.

You can find out everything you need to know about income protection insurance by calling an independent financial advisor or income protection insurance specialist and talking to them today. Advisers will be able to answer any questions you may have as well as providing you with all the information you require about the different income protection policies which are available to you. Trying to find all of the information you require, by searching on the internet can be difficult which is why many insurers offer a no obligation service where you can speak to an advisor and enquire about different policies without feeling pressured into taking out a policy with them.

Minimise the impact of being out of work with income protection insurance.

Tuesday, November 1st, 2011

Income protection insurance offers an array of benefits to the policy holder, including peace of mind that you will be protected if you were to be out of work. Being out of work is not most people’s idea as fun because they know that without the income things can easily become very difficult for them. Many people struggle when they know they know that they are receiving a regular income and so without one they could very easily fall into large amounts of debt, which can cause many more problems than simply losing a job (with income protection cover) can do.

Having income protection insurance gives you the peace of mind that you require when you lose your job, you do not need to worry as much about your finances and you can focus on finding yourself a new job. As always with the loss of a job adjustments will need to be made to suit your new financial circumstances but with income protection insurance in place these changes do not need to be severe.

The insurance policies from a wide selection of income protection insurers will allow you to receive a weekly or monthly tax free payment of on average 65% of your salary, which will be paid until you find yourself in work, until your retirement age or just simply for a set amount of years after you start claiming on your policy.

Ensure you don’t face uncertainty with income protection insurance.

Thursday, October 27th, 2011

Many people in the UK have not taken out income protection cover and those people may face uncertainty if they were to lose their job due to an accident or illness. You can ensure you are not one of those people by taking out an income protection insurance policy today. For a small monthly premium you can receive up to 65% of your income if you were to be out of work. Your payout would be paid to you in weekly or monthly tax free payments very much so like your wage and the payout is really a replacement for the wage you will have lost.

If you wish to learn more about income protection insurance or have any questions you wish to ask, contact a financial advisor or any of the income protection specialists online, where they will be able to help you with any queries you may have. They know that understanding about income protection is key to you choosing the right policy and so they will happily help you with both understanding income protection and choosing the right policy. All of the advice from the many teams of advisors is usually free and there is often no obligation to purchase any of the insurance policies those advisors find for you.

Get an income protection quote day or night!

Tuesday, October 25th, 2011

If you want to find yourself income protection cover and want to find more than one quote at once then make use of any one of the online quotes generators which are free to use and are available 24/7. Insurance experts know that most people today do not have time to call for quotes during normal operating hours when the lines are open. Often this is because they are at work through the day and then during the evening they have their family to look after, but they still want the same choice in quotes from leading insurance companies. If you choose to use an online quotes generator you will only be need to fill out the required information once and that comparison generator will then trawl through all the quotes available to present you with the ones which are most beneficial to you and it will also order them normally with the cheapest quote first. This allows you to look through the quotes and ensure that it offers you what you want from a policy and that it is also at an affordable price. These online quotes generators allow you to sit down and search for a quote at a time which is convenient for you. Most often if you have a family, that time will be once your children have gone to bed and all your day to day jobs in the home have been completed. This means that even if it is late at night before you have time to search for a quote, those generators will always be available to you.

refrain from selling your possessions with income protection insurance.

Thursday, October 20th, 2011

You can very easily prevent yourself from having to sell your treasured possessions when you lose your job by taking out income protection insurance. Losing your job is a devastating time and can often be even more so when you have lost your job when you have been in an accident or illness, as you cannot easily look for another job. If you were to take out income protection insurance before you were to lose your job you would be entitled to monthly or weekly tax free payouts which would on average be 65% of your income. Receiving this payout allows you to worry a little less about your financial commitments, which is something you don’t need to be worrying about when you are not well, as you should be focusing on your own recovery. Ideally the payouts from your income protection policy would pay for your financial commitments such as your mortgage or rent and your bills, however if you can easily maintain those payments then you may wish to choose to use it for something which may aid your recovery.
Income protection insurance providers can help you find the right income protection policy for you, which will enable you to have everything you need and at a price you can afford.

A regular income protection payout can help you!

Tuesday, October 18th, 2011

Income protection insurance can be very beneficial to you because without an income most people will struggle to meet their financial commitments when they lose their job due to an accident or illness unless they are royalty! Without an income you are very easily at risk of losing your home which can be truly heartbreaking for a family as no one wants to lose their home, especially if they have not chosen to change their lifestyles in any way. Income protection insurance will allow you to receive a weekly or monthly tax free payout which you can use to pay your financial commitments such as your mortgage or rent and bills.
There are numerous different ways in which income protection insurance can help you. This is because the payout is yours and so if you wish to spend it on something other than your financial commitments you can. You may find that you require the money to pay for treatment if you are out of work due to an illness or you may even need adjustments to your home, or someone to help you with cleaning your home. An accident or illness will continue to affect you even once you have been made redundant, it will not miraculously go away.

Learn about Income Protection!

Thursday, October 13th, 2011

You may think that it will be more beneficial to you if you go direct to one company for your insurance, however, comparison sites can provide you with often cheaper quotes as going direct. You may still think that it is better to go direct to an insurance company, however income protection advisers can offer you unbiased advice and there is no pressure for you to purchase any insurance policy they find for you. In most cases specialists are able to offer preferential rates on the insurance policies they provide.
You may think that as comparison sites they are only trying to get you to buy your insurance through them because they receive commission? However, that is not true. Many advisers and financial ombudsmen receive a basic introducer’s commission which allows them to offer their services to you for free. Even if you choose not to purchase your insurance through them, there services are still free.
Speaking to qualified advisers allows you to learn more about the different income protection policies which are available to you. All advisers will answer any questions you may have and will provide you with quotations from a range of insurers and they will then post, fax or email you with the quotes they have found allowing you to choose the right policy for you.

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.

Learn about the income protection definitions.

Thursday, October 6th, 2011

When you take out income protection insurance there are different definitions which dictate when you can receive a payout form your insurance policy, it is not just simply being out of work which means you can receive a payout.

The three definitions for income protection insurance are:

Own Job – This means that if you were unable to do your own job then your income protection policy would pay out after the deferment period.
Suited Job – This means that if you are unable to do your own job or any job that is similar to your own job then you would receive a payout from your income protection policy after the deferment period.
Any Job – An any job definition means that if you were unable to do your own job or any other form of paid work then your income protection policy would pay out after your deferment period has ended.

The best definition you could receive is the own job definition as it does quite simply mean that if you are out of work then you will receive a payout as presumably if you are unable to carry your job out for the company you work with then you are unable to carry out the same job with any other company. If you were to receive the any job definition it could mean that you are unable to receive a payout from your income protection policy and are expected to find new employment.

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.