Income Protection Insurance
Despite being as important as life insurance, income protection insurance is largely being overlooked as most people don't like to think of themselves becoming seriously ill.
According to research by Unum and Personnel Today, just 12% of employers support their staff for more than a year if they are unable to work through sickness and despite this; only 9% of those surveyed were insured to cover a loss of earnings.
For those still in full-time employment this insurance could be a lifeline for you and your family in the event that you were unable to work due to illness.
Income protection pay-outs are usually based on 50-70% of your earnings and typically these payments will continue until you return to work, retire or die, although shorter-term policies are also available should you need them. We'll be able to advise you on the right policy that meets your needs now and in the future.