Income Protection
Safeguard your financial stability in the face of unforeseen circumstances with Income Protection Insurance. Whether you're sidelined by illness or injury, this comprehensive coverage ensures that your income stream remains uninterrupted, shielding you from the financial burdens that may arise.
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, Income Protection Insurance is designed to provide you with a regular tax-free monthly income.
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 a policy that provides the cover that suits your individual needs.
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 that pay you an income if you become unable to work due to sickness or injury.
We will happily explain this to you in more detail.
With Income Protection Insurance, you can safeguard your income and ensure that your financial well-being remains secure, even in the face of adversity. Contact our team; we work with clients in Beckenham, Bromley, and South London, helping them take control of their financial future and invest in the peace of mind that Income Protection Insurance provides.
Safeguard your financial stability in the face of unforeseen circumstances with Income Protection Insurance. Whether you're sidelined by illness or injury, this comprehensive coverage ensures that your income stream remains uninterrupted, shielding you from the financial burdens that may arise.
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, Income Protection Insurance is designed to provide you with a regular tax-free monthly income.
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 a policy that provides the cover that suits your individual needs.
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 that pay you an income if you become unable to work due to sickness or injury.
We will happily explain this to you in more detail.
With Income Protection Insurance, you can safeguard your income and ensure that your financial well-being remains secure, even in the face of adversity. Contact our team; we work with clients in Beckenham, Bromley, and South London, helping them take control of their financial future and invest in the peace of mind that Income Protection Insurance provides.
