In today’s uncertain world it is important to protect your income. You never know when or why you might find yourself unable to work and without your salary to pay the mortgage and other bills, how would you manage? Thankfully, you no longer need to leave such things to chance as Income Protection is so easy and affordable to set up.
Income Protection policies come in two fundamental forms – short term and long term:
Short-term income protection: If you are looking for cover that will protect you in the event of accident or illness that is limited to a short period of time, e.g. one or two years, then short-term income protection is what you are looking for. Such income protection could be to cover a specific debt or simply to cover your everyday costs in the event that you are unable to work and lose your income for a period of time.
Long-term income protection: If, however, you are looking for cover that will provide you with the peace of mind of a regular income until you can return to work or until the end of the term of the policy, then long-term income protection is what you need. This form of cover rarely protects you from unemployment or redundancy as some short-term policies do, but is more focused on accidents, illnesses and disabilities that may prevent you from working.
To find out more about income protection and see which would be best suited to your needs, and to discover some of the best options and deals on the market, call us today on 020 8798 0184 or use our contact form.
For accident, sickness and unemployment & mortgage payment protection insurance, we act as introducers only.