What if your source of income disappeared because of illness or injury? An income protection policy would guarantee you an income so that you can keep up the payments on all the important things. For best advice and FREE quotes from a qualified income protection insurance adviser, call us on 01257 46 2581 or contact us.
Income protection insurance
ADVICE & FREE QUOTES
What if you were unable to work due to an accident, illness or disability?
In life, anything can happen. Income protection insurance will give you peace of mind that if the unexpected happens, you’ve got a guaranteed income.
Accidents happen all the time to ordinary people when you least expect and often when they have no safety net other than statutory sick pay of around £80 per week. How long would you survive? Would you have enough in savings? Could you borrow money from family or friends to tide you over?
The simple, quick and easy solution is Income Protection Insurance to give you tax free cash* to pay for your important outgoings such as your mortgage, regular bills and to maintain your standard of living.
GET ADVICE + QUOTE*Providing your premiums are paid for from taxable income. Tax information is based on our understanding of current tax legislation and HM Revenue & Customs practice, both of which may change.
Provide an Income to protect your lifestyle.
Protecting your income is something that all working people should consider but most don’t. In fact, more people insure their pets than their income.
If you’re concerned that you’d struggle without your income, you should definitely consider taking out an income protection policy.
SPEAK TO AN ADVISER
Policy options to suit you
As with most insurance policies, you can choose features to suit you. For example, you can:
Set the deferment period
This is the time period after which your policy starts to pay out – waiting longer means lower premiums.
Choose how much to receive
You can protect up to 80% of your total gross earnings.
Select how long the policy pays out
You can receive payment until you return to work, until you retire, or for a set period.
Income protection insurance is available for:
- part-time workers
- full-time workers
- self-employed
- company directors
There are plans to cover most occupations, and we have access to providers that specialise in high-risk professions.
Who should have income protection?
Everyone that is employed should have a fall-back plan if they were unable to work.
Employers generally offer some form of sick pay and you can rely on this for the set period. However, if your employer will only pay you at full pay for 2 months, you can take out an insurance policy with a 2 month deferred period, that will guarantee you an income if you are unable to work for longer than 2 months.
However, if you work for yourself i.e. as a freelancer, independent contractor, self-employed; or run your own small business, it’s likely that you don’t have anything other than savings and statutory sick pay to rely on.
Speak to an adviser
The decision to take out income protection is an important one to get right. To get advice about this type of insurance cover contact us to arrange to speak to an adviser.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Free Range Financial Services Limited is an Appointed Representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority. Free Range Financial Services Limited: Registered in England & Wales, No. 07002930. Registered Address: Cartref, Trelogan, Hollywell, Flintshire, CH8 9BZ.
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