What is Income Protection?
Income protection provides you with a replacement income if you cannot work as a result of an illness or injury. You can take out income protection if you are in full-time work or are self-employed and earn an income.
Click on the video below to see an example of how Income Protection works.
Cost depends on your Age, Income, health, occupation and the benefits you choose. Payments on your plan are eligible for tax relief at your marginal rate of tax.
It pays you a regular monthly income, replacing some of your earned income. Cover continues until the plan ends or you return to work. The policy can be designed to compliment any sick pay entitlements that you have with your existing employment to make sure that you can rest assured your income is protected beyond your employers sick pay period.