Need to Protect Income? Why use us?
FREE Amazon Gift Voucher
For a limited time we are offering a FREE Amazon Gift Voucher worth £25.00 for every new client that takes a income protection policy. Get a quote now and register for your Gift Voucher. “Terms and Conditions apply” *
Huge Insurer Panel
To ensure you get the most suitable income protection or ASU quote we deal with an extensive panel of insurers. Fill in the short form and get quotes for income protection (permanent health insurance) and ASU Accident Sickness and Unemployment cover.
Free Trust Writing Service
The benefits of putting life insurance in trust is massive. Use our free Trust writing service to help avoid IHT and ensure the sum assured goes to the right person in a speedily manner.
Internet Prices - IFA Advice
All income protection and ASU quotes are done by a fully qualified financial adviser. Not only do you get internet price comparison site premiums, you get them with a full advice service.
Ways to Protect Income Explained
Income Protection or Permanent Health Insurance
This policy is underwritten at the outset and thus does involve an extensive list of health and medically related questions. However because the income protection policy is underwritten at the beginning the claims statistics are very good. The policy has several variable that can be altered to match once circumstances. The income level is usually expressed as a monthly or yearly income. This income level can normally be set to around 60% of ones existing gross income. The next variable is the term of the policy and this related to how long the income protection policy will pay out the monthly sum. The policy pays out if the policy holder cannot work due to accident or sickness.
MPPI Mortgage Payment Protection Insurance
MPPI or mortgage payment protection insurance does exactly what it says in the tin. The product allows the policyholder to set a monthly income that is required to pay their mortgage payment and other related costs such as life insurance or endowment premiums. The policy is not usually underwritten at the beginning and only has a small list of questions such as Age, Occupation, Are You Employed etc. To make a claim the insured needs to become sick, have an accident, or become unemployed (if this option is taken) for a longer time period than the deferred period. Then the policy pays out the monthly sum assured until either 12 or 24 months which is set at the policy start or until the insured returns to work. The deferred period is set at the policy outset and is typically 1, 3 or 6 months. The deferred period should be set to match the policyholders sick pay that they might get from their employer.
Accident Sickness and Unemployment Insurance
ASU or accident sickness employment cover is very similar to the policy MPPI explained above. The main difference is that the income that you can protect is not just limited to mortgage payments and related costs. Other costs that can be insured include credit card and loan payments, pension contribution payments, maintenance payments, council tax and other regular monthly expenditure can also be insured with ASU policies.
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