What is it?
Income protection insurance is a valuable financial safety net designed to provide a regular income if you are unable to work due to illness or injury.
This type of insurance is particularly beneficial for ensuring that mortgage payments and household bills are covered, offering peace of mind and financial stability.
Is it just income?
Income protection insurance policies are highly customizable, allowing you to choose the level of coverage and benefit period that best suits your needs.
You can select a policy that covers a significant portion of your income and decide the waiting period before benefits begin.
This flexibility ensures that you can tailor your policy to effectively cover mortgage payments and household bills, even if you only receive limited statutory sick pay or employer sick pay.
There are also policies that can be comibned with Income Protection to give you added benefit if you or your family are in hospital or have an accident.
Making it simple
Income protection is designed for your peace of mind:
Long-Term Coverage
Unlike statutory sick pay, which is typically limited in duration, income protection insurance can provide long-term coverage, sometimes up until retirement age.
This long-term support is particularly beneficial for chronic illnesses or severe injuries that prevent you from returning to work for an extended period.
Long-term income protection ensures that mortgage payments and household bills are continuously covered, providing sustained financial security.
Peace of Mind
Knowing that you have income protection insurance in place offers peace of mind. You can rest assured that, in the event of illness or injury, your financial responsibilities will be managed.
This assurance allows you to focus on your health and recovery, rather than worrying about mortgage payments or household bills.
Combining with an accident and hospitalisation policy, you can be assured that you have the financial stability when you need it.
Get covered
Income protection insurance is an essential tool for maintaining financial stability when you are unable to work due to illness or injury.
By supplementing statutory sick pay and ensuring that mortgage payments and household bills are covered, this insurance provides critical financial security.
Whether you are concerned about covering mortgage payments or managing household expenses, income protection insurance offers the peace of mind and support needed during challenging times.
