Income Protection

Income Protection, also known as IP insurance, supports you financially if you’re unable to work because of injury or illness

What does it cover?

  • Income Protection covers most illnesses and injuries that leave you unable to work either in the short or long term – however, it does not pay out if you’re made redundant. Here’s how policies usually work:

  • It replaces part of your income if you become ill or disabled and are unable to work

  • Income protection insurance covers you until your return to work or until retirement, death or your policy ends - whichever is sooner

  • You can claim as many times as you need to - while the policy is active

Do I need it?​

Here are some things you can ask yourself before taking out an income protection policy;

  • What would happen if you got ill or injured and couldn’t afford to pay the bills?

  • If you’re employed, do you have sick pay to fall back on -- and how long is this paid for?

  • If you’re self-employed, what would you do if you couldn’t work for any reason?

  • Is it affordable? You need to set premiums at an affordable level, but also you should make sure the policy will cover your bills if you do make a claim.

How much will it cost?​

Your premiums are determined by your individual criteria. Factors that affect the amount your premium are:

  • Age

  • Occupation

  • Level of income

  • Current Health

  • Term of policy

 

Payments will depend on the deferred period chosen at the start of the policy.  Other factors may influence when payments are made such as sick pay and other insurances you may have.

"You can choose short or long-term Income Protection;, we will guide you" 

Address

113 Colne Road

Twickenham

London

TW2 6QL

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Disclaimer:

The information on this website is targeted at consumers in the United Kingdom. This website is free to you but to operate this website we may receive a fee from the provider or intermediary we refer you to. Calls to you and telephone transfers to any provider or intermediary we refer you to may be recorded for quality and training purposes. The content of this website does not constitute financial advice and is provided for general information purposes only. We take care to make sure that the information and material appearing on this website is accurate and up-to-date. However, errors and omissions may occur and you should not take the accuracy of the information and material for granted or rely upon it as a statement or representation of fact. Some products are only available from selected providers and intermediaries.

 

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