Income Protection

Income Protection Insurance comes in several different types, so be sure that you have a firm understanding of what you want before you get a quote or take out cover or you may find it isn't what you thought it was.

The two key areas of differentiation are:

• Do you want Long-Term or Short-Term cover?
• Do you want cover against Unemployment or Illness/Accident?

Long-Term Cover is available to insure you against Illness or Accident only (you cannot insure against long-term unemployment) and can replace your income in the event you are unable to work. Unlike Short-Term cover, claims can continue to pay you your monthly income every month right up until retirement age if you remain unable to return to work until then. Also, the monthly benefit under your policy can be set to increase every year in line with the RPI so that it maintains it's real-world value and is not eroded over the years.

Short-Term Cover is available on either an Accident/Illness basis, or Unemployment or both and claims can be paid for up to 12 months.

Whichever type of Income Protection insurance you need, click below for a quote.