Income Protection
What would happen to you or your family if you were to suffer from illness or accidental injury and were unable to work ? How would you be able to maintain payment of all your ongoing monthly payments if your monthly earnings disappeared ? Income protection is possibly the most important cover anyone could take out in their working lives. How many of us insure our television, car and even pets ? Take a moment to think what would happen to all of life’s luxuries if you had no income to insure them ?
The answer is simple, you wouldn’t need to insure them because you wouldn’t be able to purchase them in the first place! State benefits are not earnings related, Income protection plans are. Income protection pays out a tax free monthly income until a specified retirement age selected by you at outset if you suffer illness or accidental injury and are unable to work leading to a loss of earnings. This policy replaces those lost earnings and gives you financial peace of mind
To find out more information about income protection cover please contact us and we will be happy to help.