Peace of mind if you're unable to work because of an accident or ill-health

Does the thought of being out of work and out of pocket, struggling to meet essential bills keep you from calmness?

Life can be unpredictable, I help business owners and employees by giving advice to make sure they're prepared.

If you're unable to work due to sickness or injury, Income Protection Insurance will pay you a regular income, whether you're employed or self-employed.

Income Protection can be complex, insurers may not accept one's application for cover. Here are some reasons why it's best to use a broker to get cover.

1. It's best to seek advice from an expert before choosing a plan that meets your needs.
2. Brokers aren't tied to insurance companies, whereas agents are, this allows me to give unbiased advice from my panel of trusted, comprehensive insurers.
3. If an insurer declines someones application, I can sometimes get my client placed with another insurer who'll offer better terms.
4. Insurers normally grant brokers discounted premiums compared to going direct to an insurer yourself.

Here's just some of the great reasons to choose from my panel of Income Protection Insurers.

1. They pay an on-going, regular benefit of up to 60% of your income.
2. Minimise the impact ill-health can have and support you and your family's current lifestyle and financial commitments whilst unable to work.
3. Some insurers include a number of special features at no extra cost.
4. Many insurers also offer a Budget version that have all the same features, it's just that they only will pay out for a maximum of 12 or 24 months per claim, depending on the option chosen.

So, what's covered with Income Protection Plans?

• Insurers will pay an on-going regular income if you can't do your job because of an accident or sickness.
• Some offer rehab support services to help you return to full health as soon as possible.
• Own Occupation - this means the policy will pay out, after the waiting period, if because of sickness or an accident you are unable to do your usual occupation.?
• Some insurers include parent and child cover -?they'll pay a lump sum if your child is diagnosed with specific illnesses, operation or medical procedure.
• Some insurers offer a ￡1,500 benefit guarantee - they understand your income can fluctuate, especially if you're self-employed or rely heavily on commission and bonuses. And if your salary does drop, there's a risk your salary will no longer support the level of cover you originally took out. They don't like the idea of you not getting what you paid for, which is why their Income Protection automatically includes a ￡1,500 benefit guarantee.
• Some insurers include fracture cover at no extra cost a lump sum payment up to ￡2,200, depending on the type of bone fracture, which is paid on top of your monthly benefit.
• Some insurers premiums can be waived during involuntary unemployment for up to 6 months.

'Some' is an interpretation of 'not all' insurers, another reason why it's best to use a broker. An experienced broker should know which insurers include these extra benefits at no extra cost.

Like to learn more? To understand if income protection is for you or not? Visit my website