Income Protection

Income Protection is an insurance product that enables you to receive money for yourself or your family in the event you were unable to work due to illness or injury.

This money can be used to support your family financially by replacing the household income which has been lost by you being unable to return to work enabling you to still pay your commitments such as your mortgage and make the ongoing household bills more affordable for you and your family during what will no doubt be a difficult time.

You pay a monthly premium for Income Protection which is dictated by your age, health, lifestyle, occupation, employer sick pay and how much cover you need, as well as the type of policy you have. The different types of cover are either an increasing policy which increases over time in line with things like inflation or it could be level term which means the amount of cover remains the same throughout the full duration of the policy.