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Answers to your questions.
Income Protection is an insurance that would provide you with up to 65% of your net income (i.e. earnings after tax) in the event that you are unable to work due to an accident or illness.
Income Protection will pay you an income if you have an accident or fall ill. If you don’t have any sick pay from your employer or you are self-employed, Statutory Sick Pay is just £95.85 per week (£383.40 per month). Income Protection will provide up to 65% of your net income (i.e. earnings after-tax) in the event that you are unable to work.
We pull out all the stops to get you covered quickly – which is often just 24 hours if you have a clean medical history. If you have any pre-existing medical conditions it may take a little longer. Most clients can be on cover in between 2 to 10 days.
Our insurance partners will insure most occupations including dangerous roles such as working at height, construction and engineering, off shore roles and even aviation. Additionally, we are able to obtain bespoke packages for the armed forces, commercial pilots and security service staff.
Our insurance partners will insure most sports and pursuits. We can arrange cover for dangerous sports such as Rugby, Football, Motorcycle Enduro Riding, Motorcycle Track Days, Equestrian Events, Sailing, Skiing and many other sports.
Yes you do. Life cover will pay out a benefit if you die but it won’t support you in the event of a temporary loss of income. Income Protection does just that, if you have an accident or fall ill, the policy will pay you an income until you are well enough to return to work.
The cost of cover varies according to the type of cover that you require. Key cost influencing factors include (a) How much income you need, (b) How old you are, (c) Whether you have any pre-existing medical conditions, (d) What sports you participate in plus other factors. Rest assured we can provide everyone with tailor-made cover that is as cost effective as possible.
Income Protection is an insurance that clients usually buy in order to provide a long-term peace of mind. Clients frequently purchase a policy to provide financial security alongside a long-term financial commitment such as a mortgage or a loan.
All policies have a minimum cover period that can be tailored to protect you for a certain period of time (i.e. until a mortgage or loan is re-paid). The cost of cover can be fixed if you plan ahead and inform us how long you plan to keep your cover in place.
Income Protection is completely flexible and can be changed at any time during the life of your policy. It is really important that you contact us to update your policy if your circumstances change. Common changes may be if your salary increases or decreases to ensure the amount of salary insured is accurate and makes any claim easy to process should you have an accident or fall ill.
Many of our Income Protection providers understand that, from time-to-time life can throw us a curve ball. Don’t panic, we’re here to help and many policies can be put into “payment holiday” status until you get back on your feet. Whilst you wouldn’t be covered for accident or sickness cover during this time, it does mean that you don’t have to re-apply for cover once you find new employment.
Yes, you can cancel your policy at any point in time.
Please call our helpline on 0333 355 2468 or alternatively, write to us at:
Customer Services Team
Protect My Income
Income Protection is influenced by a number of factors including (a) How much income you need, (b) How old you are, (c) Whether you have any pre-existing medical conditions, (d) What sports you participate in plus other factors.
It is imperative that we understand your circumstances to ensure that the insurance offered to you is fit for purpose and is able to be relied upon at the point of claim.
There are no costs associated with applying for Income Protection cover. Even if you decide that Income Protection isn’t for you there are no charges for our services.
Any insurance offer that we are able to provide needs to consider any medical conditions that you may have.
It is imperative that you are honest about your medical history and that you inform us of any pre-existing medical conditions. Our insurers can cover most medical conditions (including Diabetes) but premiums may increase in line with any conditions that you may have.
Our insurers can cover most medical conditions (including Diabetes) but premiums may increase in line with any conditions that you may have.
Yes. Our insurers will cover most medical conditions (including Diabetes) and for certain conditions (i.e. Crohn’s Disease) up to 4 claims per annum are acceptable.
(Exact terms to be verified)
Insurance costs may increase if you are a smoker. It is important to declare if you smoke to ensure that your policy is reliable if you need to make a claim.
Claims are made directly with the insurance provider. A quick call to the claims handling team is all it should take to get the ball rolling but if you would like a little extra guidance give our customer support team a call on 0333 355 2468.