Income protection


Income Protection

An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age) or on death.

With some of our providers, you can pay a little extra every month and include a redundancy insurance to cover you as part of your policy.

Income protection benefit can suit different types of people:

  • Families where there is only one main wage earner or one source of income
  • Home owners with mortgages
  • The self employed – where the household income is dependent on them having to work
  • A parent who stays at home and looks after their child
  • Families who have regular monthly bills such as; utility bills, credit cards and loans
  • People who work full time but do not receive sick pay from their employer if they are unable to work through illness or injury

This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.

To discuss the benefits and exclusions of income protection with one of our qualified advisors please feel free to contact us.

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