Income Protection
Income protection is designed to cover some, or all, of the income that the insured party would be expected to earn from their employment, until retirement or when they can return to work.
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Protect Your Income
Every year millions of people are unable to work due to serious illness, which can have grave impacts on their ability to provide for loved ones. This need becomes increasingly poignant if the disease is long-lasting or results in permanent physical disability. The design of income protection insurance covers some, or all, of the income that the insured party would expect to earn from employment. This policy will continue to pay out until retirement or once the party returns to work.
The critical aspects of this type of insurance include:
- It replaces part, or all, of your income
- Continues to pay out until you retire or return to work
- Can have a deferred period depending on when your sick pay ends
- Covers most illnesses
Not all policies are made equal, so it is essential to speak to an advisor, such as Marigold Finance, to discuss other similar policies which may be of interest. Other policies include critical illness, which pays a lump sum on a prescribed illness, or short-term income protection, which will only pay an income for a defined period between two to five years.
The premium amount depends on various factors, including policy coverage and personal circumstances, such as:
- age
- job
- smoking history
- amount of income that is to be covered
- the deferred period
- the range of illnesses to be covered
- health history
Give us a call to discuss your insurance requirements in more detail.
Buy-to-Let Mortgage
Seasoned investor or an accidental landlord, we will source the right product for you.
Life Insurance
Minimise the financial impact of your passing by obtaining an appropriate life insurance policy.
Let-to-Buy Mortgage
Outgrown your existing property? We can help to keep your existing home and buy a new one.
Income Protection
Want to protect your income? We can advise on policies that guard against accidents and illnesses.
Other Services
Income Protection is only one aspect that we can help with. There are other alternatives and complimentary services that we offer, which may of interest. Below is a small list of what we offer.
If you would like more information, do not hesitate to contact us using the meeting link below.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Some buy to let mortgages are not regulated by the Financial Conduct Authority
