Income Protection
THIS SERVICE IS BY REFERAL ONLY.
Income Protection Insurance offers critical support in times of illness or injury, ensuring financial stability when you cannot work. Investing in this insurance to protect yourself and your family against unforeseen health issues offers peace of mind and security against the unexpected.
Income Protection insurance
It's when you need to make a claim that you realise just how wise investing in health and medical insurance can be.
If you're unable to work because of illness or injury, under an employers group sickness scheme (Group IPI) salary is continued but is subject to tax and NI in the usual way.
The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.
Long-term income repayment policies usually come into play between the time when your employer stops paying sick pay, and when you collect your pension.
Shorter-term policies tend to be used to protect a mortgage, bank loan or other payment. These usually commence within a few weeks but stop entirely after 12 months or 24 months. Short-term policies often include unemployment and redundancy, unlike longer-term income protection cover which does not .
To clarify, Income Protection Insurance only applies to products which pay you an income if you become unable to work due to sickness or injury. Policies to protect mortgages, loans or credit card debts are often called Accident Sickness Unemployment (ASU) policies.
We will happily explain this in more detail to you.
INCOME PROTECTION (WITH NO INVESTMENT LINK) HAS NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF YOU STOP PAYING PREMIUMS YOUR COVER MAY END.
Recognising the value of Income Protection Insurance is essential for securing your finances during health-related work interruptions. Whether it is long-term policies bridging the gap between employer sick pay and pension or short-term coverage, having the right policy is paramount. We work with businesses all across South London to secure Income Protection Insurance. Contact us for detailed guidance to help create a personalised plan for your situation.
THIS SERVICE IS BY REFERAL ONLY.
Income Protection Insurance offers critical support in times of illness or injury, ensuring financial stability when you cannot work. Investing in this insurance to protect yourself and your family against unforeseen health issues offers peace of mind and security against the unexpected.
Income Protection insurance
It's when you need to make a claim that you realise just how wise investing in health and medical insurance can be.
If you're unable to work because of illness or injury, under an employers group sickness scheme (Group IPI) salary is continued but is subject to tax and NI in the usual way.
The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.
Long-term income repayment policies usually come into play between the time when your employer stops paying sick pay, and when you collect your pension.
Shorter-term policies tend to be used to protect a mortgage, bank loan or other payment. These usually commence within a few weeks but stop entirely after 12 months or 24 months. Short-term policies often include unemployment and redundancy, unlike longer-term income protection cover which does not .
To clarify, Income Protection Insurance only applies to products which pay you an income if you become unable to work due to sickness or injury. Policies to protect mortgages, loans or credit card debts are often called Accident Sickness Unemployment (ASU) policies.
We will happily explain this in more detail to you.
INCOME PROTECTION (WITH NO INVESTMENT LINK) HAS NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF YOU STOP PAYING PREMIUMS YOUR COVER MAY END.
Recognising the value of Income Protection Insurance is essential for securing your finances during health-related work interruptions. Whether it is long-term policies bridging the gap between employer sick pay and pension or short-term coverage, having the right policy is paramount. We work with businesses all across South London to secure Income Protection Insurance. Contact us for detailed guidance to help create a personalised plan for your situation.
