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17/09/2020
✅ Long-term Income Protection:
This is the type of cover we offer. If you claim, your policy can pay your chosen benefit until you're well enough to return to work or the policy reaches it's end.
You can cover 50-60% of your gross annual income and increase your cover each year with inflation.👌
17/09/2020
Income Protection pays a regular income if you can't work due to illness or accidental injury. Paid tax free and directly to you, Income Protection can provide 50-60% of your normal gross income. Your policy will pay out until you return to work or until your cover end date.
Not to be confused with Accident, Sickness & Unemployment cover (ASU). ASU is typically designed to cover your basic bills for a maximum of 12 months. Income Protection can offer far more cover for a much longer term.
With Job Seekers Allowance paying less than £80 per week, and Statutory Sick Pay paying less than £95, they are no longer a viable safety net to fall back on if the worst happens. Hence, Income Protection Insurance is becoming more and more popular among all ages and demographics throughout the UK.
