Income Protection Insurance
Whether self-employed or employed, if your income is reduced when you are incapacitated and unable to work due to an illness or accident, you should consider an income protection policy.
Income protection insurance is designed to pay part of your earnings in the event of illness or accidental injury. It is important to cover your outgoings if you become ill or have an accident that prevents you from working. You will receive a monthly benefit paid until you either return to work, the end of the policy term, or you die whichever occurs first.
Different types of Income Protection
Long Term Income Protection – This pays out until a fixed age, death or when you return to work. It is underwritten at the point of applying for the policy so you know exactly what you are covered for as well as any pre-existing conditions you are not covered for.
Short Term Income Protection – This will usually pay an agreed monthly amount during a short period (usually 12 or 24 months) if you are unable to work due to accident, sickness or redundancy. There are other providers of payment protection insurance and other products designed to protect you against loss of income. We will be happy to give you further information and an accurate quotation after a full needs assessment.
We are here to help
We understand the importance of your family and that you want to ensure you and they are taken care of in the event that you are incapacitated or unable to work due to sickness or accident. Black Swan advisers provide solutions according to the needs of you and your family. We understand as you go through the many stages of your life your situation changes and we are here to help you find the right solutions to meet your protection needs. Our experience allows us to help guide you to the most suitable product that suits your individual requirements. We are here to listen to your needs, offer advice and secure the right policy for you.
For advice please call 01283 567 200