27/02/2023
What is Income Protection and who is it for?
Income protection insurance can give you the peace of mind you deserve. A loss of earnings could have a real financial impact on any family’s lifestyle, and income protection insurance is designed to meet the needs of people who want to protect against this, by paying out a regular monthly amount.
Flexible income protection that helps cover loss of earnings.
Pay outs are monthly in arrears
Covers up to 60% of your gross annual income, up to £60,000 a year. Then 50% of your gross annual income over £60,000 a year
Cover lasts until your chosen retirement age, but you can cancel at any time without charge
You'll receive the monthly benefit until you return to work or your policy ends
Pay outs are tax free.
This policy does not include unemployment cover so will not pay out if you become unemployed and it is not a savings or investment plan and has no cash value unless a valid claim is made.
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What is Income Protection and who is it for? Income protection insurance can give you the peace of mind you deserve. A loss of earnings could have a real financial impact on any family’s lifestyle, and income protection insurance is designed to meet the needs of people who want to protect against ...