What would happen to your income if you were unable to work due to long term sickness or incapacity?
If you are an employee your employer by law must pay statutory sick pay up to 28 weeks which in most cases would be less than your full earnings. In addition to this you may be eligible for benefits?
Regardless of the previously mentioned scenarios you will be faced with a substantial drop in your income.
Income Protection Insurance is a plan designed to give you a regular income if you suffer illness or injury leading to loss of earnings. You select the features of the plan to make sure the cover is right for you.
- The amount of benefit you require (maximum amounts apply)
- How soon you need the benefit to start
- How long you need the benefit to be paid
- How long you want the cover to last
To discuss Income Protection Plans with one of our advisors 01637 853153.