Could you continue to pay your mortgage or maintain your family's lifestyle if you become unable to work?

Income Protection Cover pays a regular monthly amount if you are unable to work due to illness or injury and suffer a loss of earnings as a result. The aim of Income Protection is to protect your income throughout your working life or to help pay your mortgage repayments and associated expenses.

You choose a deferred period. This is the time you wait from when you first become unable to work until benefits start under your cover. The longer the deferred period you choose, the lower your payment usually will be. This period is typically between 4 and 52 weeks.

Income Protection is underwritten at the time of application.  This means that you provide the insurer with your medical history at outset in order that they can offer a suitable premium and maximise the potential for a claim to be met. If you are self employed, you will need to consider for how long your income will be unaffected by your inability to carry out your normal work.

Do not over insure yourself, as you will be required to provide evidence of earnings to make a claim. For this reason, it is essential that the level of cover selected reflects your current earnings and also any continuing benefits you might receive from a company scheme.

For more information and a personal quotation click the link below.