What is it?
An Income Protection Plan is designed to pay out a regular income if you are unable to work due to an accident or sickness. This can help you pay your bills and continue to financially support your family until you are able to go back to work. In the case you are unable to return to work, you will receive an income up until the end date of your policy (usually your retirement age).
Who is it for?
These plans are aimed at someone that is employed and could not live off the Governments Employment and Support Allowance if you are unable to work in the future. It is essential that you have the right cover in place in the event that your income unexpectedly stops.
Speak to one of our advisers so they can help you find the plan best suited to your needs.
There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk.