Income Protection
An Income protection plan can be used to provide a monthly income when the client is unfortunate enough not to be able to work through injury or illness.
This injury or illness does not have to be life threatening but could mean that the client is unable to do their job.
This provides peace of mind to the client so that the income can be used to protect the mortgage payment to prevent arrears and or repossession.
The policy pays out a tax-free weekly or monthly benefit.
A deferred period or a waiting period refers to the length of time before pay outs from income protection and is assigned with the policy I.e. 4 weeks to 12 months (an individual sick pay received by employers can determine the deferred period).
TELEPHONE:
01772 970080
