Income Protection Insurance
Income Protection Insurance
What would happen if you were unable to work?
Being unable to work for medical or health reasons would present a serious financial challenge for most people. It’s not something people like to think about but what would happen to you or your loved ones if couldn’t work due to illness or injury? How would you cover your outstanding bills like rent, mortgage or other living costs if you had a loss of income?
This is where income protection insurance can help. Income protection insurance is designed to meet the needs of people who want to protect against their loss of income by paying out a regular monthly amount should they be unable to work, due to injury or illness.
There are typically two types of protection insurance;
Illness and Injury Insurance
This insurance provides a monthly benefit if you’re signed off work through illness or injury. This is typically the more basic cover of the two options and can provide a monthly income for up to two years for a successful claim.
Income Protection Benefit
This benefit offers a more complex cover and provides a monthly benefit if you’re signed off work through illness or injury and can feature terms such as an increasing plan to help protect the monthly benefit against inflation
Speak to the team at Steel and Co. today to receive expert advice on your insurance needs based on your individual circumstances.
By speaking to our team you will receive;
-
Help and advice if you are unsure about the protection you need.
-
Make recommendations for protection to suit your personal circumstances
-
Help in submitting an application
-
A personal and friendly service throughout
Call 01502 446000 or email