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It is always best to seek expert advice especially when it comes to protecting the important things in life

An income protection plan is an arrangement designed to pay out a regular income in the event that you are unable to work due to an accident or illness.  These types of plans continue to pay out an income for as long as you are unable to return to work and until the end date of the policy, which is often your normal retirement date.

Income protection insurance is often seen as the foundation or cornerstone to financial planning because unless you have a large capital sum to rely upon, losing your income may put you under an unbearable strain when trying to meet other financial commitments, especially if there is insufficient other income coming into your household.

Income protection described in brief You will be covered until your normal retirement age Your plan can be arranged to start when your employee sick pay stops You will receive benefits following an accident or illness if that prevents you from working There may requirement for a medical – depending on your medical history

Who is Income Protection designed for?

This type of arrangement is designed for anyone of working age, either employed or self-employed. It is very important to note that even if your employer provides you with sick pay; it is unlikely that it will be for longer than twelve months.  Therefore, on going income protection insurance may well be a very important consideration.  Income protection insurance can also be adapted to fit with other existing insurance protection plans that you may have.

For more details and to arrange a quotation, please use our free search tool to find a professional financial adviser near you.