How does Income Protection Work?
Income Protection (also known as Permanent Health Insurance) is designed to pay you a monthly income (tax free)
if you are unable to work as a result of an accident, illness or injury. The benefit will be paid until
you are well enough to go back to work, or until you retirement or the policy comes to end, which ever is the earlier.
The amount of benefit you will receive is limited and is based on a percentage of your gross earnings.
It is suitable for employed and self-employed clients. Even if you don’t work you are eligible for cover up to a maximum
(which varies by provider). This could be necessary for people who undertake vital duties within the household (such as carers)
who are not paid a wage through an employer.
There are a lot of factors to consider when looking at PHI policies, therefore it is vital that you seek the advice of a
professional. Our advisers can such advice and we offer products form the UK’s leading insurers. We will save you time and
money by searching the Income Protection products available within the entire UK marketplace for you, finding the most suitable policy.
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