Income Protection

Ensure you can continue to meet your financial commitments if you are forced to take an extended break from work.

Income Protection is designed to replace your regular income if you are unable to work for a prolonged period of time due to illness or injury and will pay you a percentage of your salary each month until you return to work. A policy will typically payout after you have been off work for 6 months, but this is something which is variable and your adviser will be able to go through with you.

Why is Income Protection Important?

You can find your self in a situation of being off work due to serious illness or injury. If you were off work for a prolonged period due to sickness or injury, would your savings or sick pay from work cover your bills each month?

Many households will immediately think of insuring their property or their pets, but often the last thing anyone thinks of protecting is what pays for it all, their income. If you think that losing your income would have a detrimental effect on your lifestyle then it may be worth thinking about protecting it.

What can our advisers do for you?

If you are not sure how you would cope if you were off work, contact one of our dedicated protection advisers today and see if an Income Protection policy would be right for you.

Things to consider

Your employer

Only a minority of employers support their staff for more than a year if they’re off sick from work (statutory sick pay). Given the low level of state benefits available, everyone of working age should consider income protection.

Inflation

It’s possible to ‘index-link’ your income protection policy so it keeps up with the rate of inflation. One of our Protection Advisors will be happy to talk you through the different options that are available to you.