Income Protection Insurance is an insurance policy that helps your finances if you prove you cannot work due to illness or accidental injury. It reduces worry for you and your family about how you would pay your bills if you cannot work in these circumstances.
It is possible to arrange the policy to provide a top-up income stream, if you go back to work in a reduced capacity, with a reduced salary
Payments are currently tax free. This could change in the future.
Please also read our section on Critical Illness Cover, and explain how they dovetail together. If the doctors accept you suffer from severe back pain, you will probably qualify for payment under the terms of a good Income Protection Plan, but not under a Critical Illness Policy. Conversely, a minor stroke would probably trigger payment under a Critical Illness Policy, but probably not under Income Protection Insurance if you could return to work within the excess period.
Our initial appointment is free of charge – no matter how long it takes. Even if you live in a completely different part of the country, we are pioneering SKYPE conferencing for IFA meetings. All it will cost is a little bit of your time. Give us a try: call us now to book an appointment to start the process. It is your first step to peace of mind for you and your family.