Income protection is a type of insurance designed to pick up the slack when statutory sick pay doesn’t cover all the household bills. If you’re injured or ill for more than a few weeks, you can use your insurance to access regular payments. With income protection, you don’t need to drain your savings accounts.
Income protection can replace your wages whilst you’re unable to work. It could cover your costs for several months or might even payout until you choose to retire or your policy ends. The exact terms of your payments will depend on your specific policy. In most cases, your insurance only starts paying out once statutory sick pay stops.
Here at Money Savings Advice, we have partnered with some of the UK’s leading Income Protection Insurance brokers. They have already helped thousands of people get the best Income Protection Insurance cover, and they can do the same for you.
Choosing an independent adviser means they won’t recommend a scheme unless they are sure it is in your best interests. Their advice is also regulated by the FCA, which gives you an additional layer of protection.
If you would like to speak to one of these brokers who can provide you with a ‘whole market quote’, then click on the below and answer the very simple questions.
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