Secure Your Income, Secure Your Future

Income protection insurance is a long-term policy which offers you an income benefit if you are unable to work due to illness or injury.

The cover will usually offer financial support until you either go back to work or retire. It is also available on a short term basis if you would like to minimise your monthly cost. It will cover a proportion of your income rather than the full amount.

To understand more about Income Protection, check out our article Why Income Protection Is Crucial For Homeowners

The cost varies depending on your individual circumstances. Factors that shape the cost of a policy include how long you want the policy to run for, when you would like the benefit to kick in and the amount of cover you require.

There are also other influencing details, including your age, health and profession.

To understand more about Income Protection, check out our article Why Income Protection Is Crucial For Homeowners.

Yes, subject to certain limits you can have different policies to protect your income.

No, redundancy protection is a different form of cover.

This very much depends on your circumstances and financial status. Salary, lifestyle and family situation are all important factors to consider. If you are self-employed, you will most likely require more cover than someone who works for a company and is entitled to sick pay.

To understand more about Income Protection, check out our article Why Income Protection Is Crucial For Homeowners.

Income Protection (IP) and Critical Illness Cover (CIC) are two types of insurance that serve different purposes.

IP is designed to provide you with a regular income if you are unable to work due to illness or injury, regardless of the specific condition. This can help you cover your mortgage payments and other essential expenses while you focus on your recovery. IP typically provides a percentage of your pre-illness income until you are able to return to work or reach retirement age.

On the other hand CIC is designed to pay out a lump sum if you are diagnosed with a defined serious illness or injury, such as cancer, heart attack, or stroke. This lump-sum payment can be used to cover your mortgage balance, medical expenses, or any other financial needs that may arise due to your illness.

For more information visit our pages Critical Illness Cover Explained and Why Income Protection Is Crucial For Homeowners.