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Find the most suitable income protection insurance for the best returns

Wednesday, June 6th, 2012

The correct income protection insurance plan is able to act as your safety net in the case that you are deemed unemployed as the result of a number of circumstances that are no fault of your own. This provides you with the peace of mind that you will be able to live the lifestyle you have worked hard for and will be able to pay off your essential outgoings in order to keep your head above water. Such policies come in huge varieties although they are all designed to pay out in the event of the insured being unable to work.
This type of insurance is available from many insurance companies throughout the UK and is available to both the employed and self employed. It is especially useful for those who are self employed due to the fact that if they are to experience an accident or illness it is more tan likely that their income will come to a halt almost instantly. On the other hand people who are employed by a company may be able to still receive their pay for a set period of time which will be stated in their contract.
Income protection insurance is one of the most important types of insurance that a person whose standard of living greatly depends on their income can take out. This will protect your ability to produce an income for both you and your family to live on in the event that you are no longer in work.
In order for this to benefit you the most it is important that you take quite a few aspects into consideration when searching for the correct insurance plan to suit your individual requirements. Whoever you are and however old you are, income protection insurance is a cover that every individual should consider, whether you are young and single or on the brink of retirement. With your income being one of the most valuable assets of your life that ensures your fulfillment and happiness
Whether you are young and single, middle-aged and married or on the brink of retirement, income protection insurance is something that all employed people should consider. Think about it – your income is one of your most valuable assets and if you suddenly had an accident or became ill or injured and couldn’t earn an income, what would you do? This is where income protection cover can help. Designed to do exactly what its name suggests – income protection insurance secures your income in the event that you cannot work due to an accident, illness or injury.
Online income protection brokers are there to provide you with the professional assistance you require in order to obtain a critical illness cover that is specifically designed around your individual requirements and finances. Such services are able to completely eliminate the stress of searching for a suitable insurance cover whilst offering excellent advice to ensure that you are going with the right insurance company for you.

What you should know about income protection insurance.

Wednesday, May 16th, 2012

If you do not already know what income protection is here is a brief explanation.
Income protection insurance is a policy that covers your income if you were to become unable to work due to an accident or illness. If you were to claim the payout would be provided to you at monthly rates, usually at a percentage of your old income as it is used as a substitute for your regular income.
Accidents and illness can appear at any time without us even knowing which can mean that it is often hard for people to work out when to take out an income protection policy but many experts believe the sooner the better and that the right time is now. No one will truly know if or when we could lose our job or income due to an illness or accident which means taking a policy out now can protect you and your family’s future. Income protection covers many accidents and illnesses that result in an individual being unable to return to work as this can cause financial loss.
An income protection policy usually covers up to 65 to 75% of your old income so that you are not taking a large step down financially as this can cause a domino effect in many families. Also, if you are self employed person your income protection policy will cover the gross business income.
Income protection insurance is one of the only insurances you can depend on 100%. For many accident and sickness insurances the provider can choose to refuse to renew your cover when your current policy has finished, this may because you pose too much of a risk. But why bother with accident and sickness cover when you can be sure to depend on income protection alone.
Many income protection policies can also protect you and provide you with many more benefits than you would expect, making sure that you know everything there is to know about your policy and what is covered should be very important, as there are a number of income protection insurance companies who can provide you with many more benefits than there is shown at first glance.
Many people will think that the monthly payout has to be used for certain things however the monthly substituted income can be used for vast array of occasion’s purposes. Whether you want to pay off your mortgage to ensure you keep the family home or put money aside for your children’s educational fees, it can be used for any reason that you wish.
Income protection insurance can provide you with many more benefits than the many other forms of insurances, as it is a must that you know everything about your policy to ensure that you are not surprised by anything if it comes to claiming in the future.
If you would like to find out more or to learn how to purchase income protection insurance search online or contact an experienced and professional insurance advisor who will be happy to help you protect your future.

Income protection is the most vital insurance plan to be invested

Thursday, April 26th, 2012

With the majority of people suffering from an illness or accident during some point in their lives it can result in great financial difficulties due to loss of work, especially in the unfortunate event of temporary of permanent disability. Not all employers offer sick pay and if they do it may only be for a limited time period as they it is pointless for them to keep anyone on the payroll indefinitely without the work provided by their employee. In addition to this sick pay if most often at a highly reduced rate compared to your usual working income which will almost definitely cause problems when it comes to providing for your family and the maintenance of the life style you have worked hard to provide.

Taking out the correct income protection insurance will provide you with the stability to remain at practically the same level of income as you were earning prior to your accident or illness and will allow you to conserve the lifestyle you had whilst you had your job. As the payouts are tax free most insurance companies will allow you up to three quarters of your gross annual income, which for families where there is only one breadwinner, it is of great importance to protect their interests with such a plan.

The allowance of being able to choose the correct plan for your personal needs is a great advantage; for instance, if you are sure of a payout from your employer in the event of an accident or illness then you may want to opt for lower coverage. This is where the policy holder agrees to less than their regular salary when the insurance pays out, for some people this could work in their favour, whilst for others it may not. For this reason shopping around for the correct plan to suit you is of paramount importance; this way you can be sure that you are not paying over the odds for certain aspects of the plan that you don’t particularly need, and you can choose the right company that you are confident will provide you with the security that you do need.

In order to receive the correct cover it is important to shop around the most reputable of companies and always read the small print. All insurers offers different prices with varying options available, this can all depend on your age, gender and annual income, so even if a friend of family member has suggested a certain company, it doesn’t necessarily mean that what is working for them will work for you.

Helpful comparison sites and independent advisers will do all the hard work for you, acting as a catalyst between the buyer and the insurer. They provide you with a fantastic service including a fully comprehensive market research to ensure that you are getting the best price possible and receive a service that is no less and no more than what you have asked for. To get the best of what is out there on the market today there is no better place to go.

Protect your financial interests with the right choice of Income Protection Insurance

Wednesday, April 11th, 2012

As we age our bodies deteriorate and it is more than likely that we will suffer from some type of illness at some point within our lives. While we all hope that severe illnesses such as cancer will pass us by, the majority of us will suffer from common ailments such as back pain at some point in our lives as we get older. Even this type of illness could put you out of work for a period of time, and if this is to be the case it is imperative to ensure that your outgoings are covered in order to avoid financial disaster. It is commonly known that state benefits are becoming increasingly difficult to obtain. With the recently elected coalition government in power, they have put in place strict rules that have made the bracket for claimants extremely narrow, the whole point of this was to be sure that they really are unfit for work but it seems to have transpired that even those who are genuinely ill are unable to receive the financial help they require.

Income Protection Insurance is a sure way to preserve the lifestyle you have worked for by ensuring that mortgage repayments and other bills are paid if you are unable to work as a result of an illness. This type of insurance cover will provide you with a tax-free monthly income up until the age of retirement. With many different types of Income Protection Insurance it can be difficult to know where to begin, each provider offers varying types of cover all depending on your personal situation and requirements.

To determine the best price for your particular cover it is vital to do your research. Alternatively many comparison sites and IFA regulated advisers take the weight off your shoulders by doing the hard work for you. They take out thorough market research to get the very best insurance to suit both your pocket and your requirements, whatever they may be. There are various in which they take into account during their search, ensuring that you purchase an adequate plan from a revered insurance company.

The waiting period is an important factor to consider during the search for Income protection insurance, this is the duration of time you have to wait before the plan begins to payout. The shorter time period will have higher premiums than the longer waiting time. Your age will also affect how much you pay for this type of insurance, it is usually the case that the older you are, the higher your monthly premiums and vice versa. This means that selecting a plan while you are younger is highly beneficial as the insurance is bound to be much cheaper, and will provide cover for a longer period of time. If your job is seen as being of a dangerous nature with a high risk factor, then you premiums are obviously going to be higher as there is more of a chance that you will be injured in the workplace. With all this to consider and more, there is no wonder why expert insurance comparison sites are so popular in the assistance of providing people with insurance that is sure to work to there advantage.

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.

Could my claim be refused?

Friday, December 16th, 2011

Yes, there are a number are ways in which your claim could be refused and your policy would be void.

Here at Income Protection we believe that honest is the best policy and if you haven’t lied or given false answers to the questions asked your policy should be cleared. If you were to have given false answers to lower premiums or gain better benefits from your policy your claim and policy would null and void and you would not be able to claim. Honesty is truly the best policy as if you were to become unfortunate enough to lose your job how would you cope if you were unable to claim?

If you fall behind on your payments or you haven’t read your policy correctly and what is covered your claim would be refused. Fraudulent claims, such as claiming for an illness you didn’t have, would also mean that your claim would become void and you would be unable to claim the payout.

The best things you can do when purchasing your income protection insurance is to ensure that the answers you give are correct, you have read the terms and what is covered properly and that you do not claim for something that didn’t happen as when if it were to come a time when you did lose your job, you may struggle as you would lose your monthly income and may struggle financially.

Why should I invest in income protection insurance?

Monday, December 12th, 2011

Many individuals all over the UK are opting to purchase income protection due to the economic crisis. Many people are losing their jobs and none of us know if it or when it is going to happen to us. However, with income protection insurance if you were to lose your job you would be able to receive a steady income so that you and your family are kept financially stable.

Now stop and consider what you would do if you were to find yourself out of work, It is probable that many of you are thinking you would try and find more work but this sounds a lot easier than it actually is as there are so many people out there looking for jobs. The one you try for may have over 100 applicants, so there is only a small chance you may get it. But also think whilst you were looking for work how will you be able to fend for yourselves and your family with no income? This is why income protection insurance specialists believe that purchasing income protection insurance today could have greater benefits for you in the future.

Not only is income protection great if you were to lose your job but also if you become ill, the statutory sick pay is only £65 per week and for many this will be a rapid decrease in income from their normal income. Income protection insurance provides you with a steady income each month so that you can still have money coming into your home and to ensure that you stay financially stable.

Protect you and your family now.

Thursday, December 8th, 2011

When it comes to family life many want to ensure that they can provide for their family. However, due to the economic crisis many of our jobs are not as safe as they used to be and providing for our children and our partner may become difficult if they were to lose their jobs. With income protection insurance if you were to lose your job you will be able to receive a steady income that will help you to be financially stable.

Income protection insurance can help you in a variety of ways, it will help to pay for bills, food and other necessities that you may have if you find yourself unable to carry out your basic duties and so purchasing income protection today will ensure that you are able to carry on as normal.

Income protection comparison companies will help you to find a policy that suits all of your individual needs and requirements. They only use and provide you with the very best insurance providers in the UK as they want to ensure that you are gaining the most from your insurance.

Income protection insurance providers want to help you in every way they can in regards to your income protection insurance, so if you have any questions or queries visit speak with a financial advisor or insurance expert today.

They will look forward to hearing from you.