Helping protect your income from the illnesses and accidents you can imagine, plus all the ones you can’t, is essential.
If you were not able to work due to accident or sickness, would you be able to pay and cover your daily living costs?
Income protection typically offers a range of flexible options to meet your needs and budgets.
Whether you are employed or self-employed it is vitally important to ensure that you have the relevant sick pay via your employment and if you do not, consideration could be given to putting provision in place to protect your income.
Key points of income protection:
- You can claim if you can’t work in your own specific job. Some providers tend to look at ‘own occupation’, which is broader. ‘Own job’ is the narrowest claims criteria available and the easiest to claim on and understand.
- There are no standard exclusions for HIV, drugs and alcohol or war.
- Whilst having cover if you move to a riskier job where cover is not usually available, we have access to insurers that will continue to protect in the new job.
- Cover is able to keep up with the cost of living as we can link increases to RPI.
- During a successful claim you would not need to pay anything. The insurer would automatically cover the cost.
- State benefits are not deducted from a claim
- Typically you can make multiple claims, including
- for the same condition, during the lifetime of the plan
- Limits apply to how much cover you can take out
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If you’d like to discuss your requirements please feel free to contact our advisors