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What is Income Protection Insurance?

Income Protection Insurance (also known as PHI, Permanent Health Insurance, Income Insurance or Income Replacement), provides a tax free income until your selected retirement age (usually to between 50 and 70) if you are unable to work due to an illness or disability.

How long will Income Protection Insurance pay in the event of Incapacity? In the event of a claim, income protection policies can continue paying until your selected retirement age. For example a 20 year old male who took income protection insurance out until age 65 could claim on his policy for 45 years if required.

How much Income Protection Insurance do I need?

Most income protection companies in the UK offer a maximum of 50-65% of your annual salary however, based on current legislation, you do not pay tax on these benefits. To assess how much cover you require, we recommend that you calculate how much money you require per month, i.e. mortgage payments, rent, bills, food, etc. and use this as a starting figure. Most people insure around 50% of their income, however some people only decide to cover their mortgage payments.

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Enquiry Type:	Life Assurance/ Critical Illness Buildings & Contents Accident Sickness Unemployment
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CALL US FREE ON 0800 612 5209
We Are Open Everyday Between 8am - 9pm

FSA Regulated  No. 150427
Licensed Credit Broker No. 616872
Data Protection Act Reg. No. Z1169386
 

We are authorised to give advice and recommendations on mortgage products and all forms of non-investment insurance, such as:

• Life Insurance & Critical Illness Cover
• Family Income Benefit
• Accident Sickness & Unemployment
• Buildings & Contents Cover

We are competitive in all areas and can offer you unbeatable deals or match your current premium whilst giving you additional cover.

Help protect your family with the Family and Personal Income Plan

Getting protection at these times is a very good investment especially if you do not have enough savings and you do not want to be put in a position of selling a house in tough market conditions because of financial problems. Family protection is a simple way for you to financially protect you, your home and your loved ones. It will help you maintain your standard of living, meet your daily living costs and afford to stay in the family home.

Your mortgage isn’t usually the only payment you need to make each month. What about all the other day to day costs that a typical family has to meet? Utility bills, food shopping, council tax, car insurance, childcare… the list could go on. How would your family cope if for example, one parent were to die? Without the appropriate cover, your family may not be able to maintain their standard of living and keep up with their day to day expenses. This is why the Family and Personal Income Plan is ideal. It is a cost effective way to provide a regular monthly benefit for your dependants.

ASU Insurance

Accident, Sickness and Unemployment insurance (ASU), can also be referred to as mortgage payment protection and will provide you with an income to meet your outgoings if you are off work sick, have an accident or are made redundant. It pays out a monthly benefit to cover your mortgage and other related costs.
You may choose the amount of benefit you would like to receive - although there are some limits on the maximum amount. Benefits are usually payable for a maximum of 12 months, although some providers now offer cover for 24 months.

Household Insurance

We are able to offer you advice on a range of competitive Home Insurance products. We review a panel of providers to seek out the most competitive quotation for you, whether it is for you Home, Contents or both combined, therefore providing you with the reassurance that your home and possessions are secure.