Our Income Insurance in Brief
Income Protection Insurance protects your income against the risk of losing that income as a result of accident, sickness and now also redundancy. You are guaranteed a fixed Monthly income which is paid tax free in the event of a claim being made.
Unlike with many singe product income protection policies such as loan insurance or mortgage payment protection insurance our flexible income insurance is paid direct to the policy holder in the event of a claim. The policy holder has the flexibility to decide how to use the income and which expenses to use it to pay for.
You can receive an amount up to 60% of your current monthly income, up to an amount of £1,500 per month. You can choose a waiting period to suit you. Waiting periods start at back to day one which enables you to claim a replacement income from the day that you lose your current income. If you select a longer waiting period you will not be able to claim until the waiting period has passed. Waiting periods can be selected from between 30 days and 180 days. The longer the waiting period the cheaper your monthly premium as the risk of a claim being made is reduced as you will have period to recover or find a replacement job before making a claim.
Exclusion Periods
We provide one of the shortest exclusion periods for income protection available on the market. You will be eligible to make a claim from just 120 days after taking out your income protection insurance.
Eligibility
There are different eligibility requirements for our income protection insurance which are set out below.
