Financial Protection when you most need it.
What is it?
An income protection plan is designed to pay out a regular income in the event you are unable to work due to accident or illness. These types of plans continue to pay an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).
This type of plan is quite often seen as the foundation of any financial planning. This is because it’s likely other plans will have to be given up if you do not have sufficient income coming into your household.
Who is it for?
This type of plan is designed for anyone in employment, whether that’s employed, or self-employed. It’s worth noting that even if your employer provides sick pay during your time of incapacity from work, it’s unlikely to last for longer than twelve months- this is why ongoing protection is essential. Plans can be adapted to fit in with any existing protection you may have. As advisors we can help you find the plan that works best for you and your needs.