Advice and Cover to Protect Your Income

Income Protection Insurance to Meet Your Needs

An accident or serious illness can cause long term ill-health that can be financially disastrous for you and your family. Should such circumstances prevent you from working, Income Protection, also known as Income Replacement or Permanent Health Insurance (PHI) can provide you with a regular monthly income usually between 50% and 60% of your average pre-tax earnings, less other benefits you may be receiving. Income is paid out for as long as you are unable to work, usually stopping at what would have been your retirement age.

We Help Select the Right Plan for You

The cost of cover partially depends on the type of work you do and your current health, but you can vary the final premium by deciding to:

• change the amount insured
• defer claiming until your employer’s benefits stop
• build up a lump sum which you get back when you no longer need the policy, usually at retirement
• protect against inflation
• insure against unemployment
• include ‘proportionate benefits’ - they pay out an amount to ease any fall in income if you return to lower paying work

There are many types of plans and options and we can help you choose the best combination to meet your circumstances.