Income Protection
Income Protection Insurance, also known as Permanent Health Insurance, Income Insurance or Income Replacement Cover, provides you with a tax free monthly income until your selected retirement age (usually between 50 and 70) if you are unable to work due to an illness or disability.
Is it right for me?
Have you considered how you would cope financially if you could not work due to an illness or disability?
State benefits will only pay £70.05 per week and that's if your entitled to claim. How would you make the mortgage payments, pay bills, supply for you family and buy for petrol, food, etc.
State benefits will only pay £70.05 per week and that's if your entitled to claim. How would you make the mortgage payments, pay bills, supply for you family and buy for petrol, food, etc.
Is this ASU?
Income Protection Insurance is often mistaken for ASU (Accident, Sickness and Unemployment) Cover. Income Protection provides long term protection of income for illness or disability, whereas ASU provides short term cover for illness, disability and redundancy.
Income Protection Product Guide
Income Protection Product Guide