An Alternative income source can be added protection

An Alternative income source can be added protection

In 2017, ABI states in a report that almost a million people in UK are not able to go home because of some injury or any illness, this results in the loss of pay for the families. Since many families depend on the regular monthly salary, it can be difficult to deal with regular expenses with no income. Income protection insurance can help you overcome such situations. It does act as a perfect alternative to handle regular expenses.

It is a long term insurance policy to help with the financial problems when you are sick or injured and not able to work for the time being. It will act as an income source.

You might be one of them who needs this insurance

Insurance is not only about protecting your life or assets, but you can also protect your income. People often forget to protect their income, which helps them with regular expenses. There are many insurance policies and each has its own reason, not every insurance can be considered as a life insurance. Income protection insurance will provide you with a regular monthly income when you are not able to work due to an accident or sickness.

You can claim the insurance amount and handle your regular expenses when you need to pause your working period. Your family is your priority, you need to take care of them no matter what happens.

When it comes to income protection insurance there are many advantages involved. You can receive the policy amount upon a successful claim in any unexpected unemployment situations.

Tax-Free

Online Application

Fixed Monthly Pay-in

Customized Terms

How Income Protection Insurance can protect your family?

How Income Protection Insurance can protect your family?

It is a simple, quick procedure, which ensures your income source. We made sure that the procedure is convenient and there are no difficulties involved throughout the procedure. Acknowledge the terms and conditions of the policy and customize according to your financial situation and needs.

A legal agreement will be drafted between you and the insurer, which involves all the finalized terms. You need to pay a regular premium throughout the term period. You can claim the policy amount in case of unemployment. You will receive the policy amount based on the term drafted in the agreement.

If you miss any premium payment, it will lead to the termination of the policy. Therefore, you will not be able to receive any policy amount as any claim made will get rejected. It is advisable to make regular payments.

Things to remember while taking an Income protection Insurance

To be frank, people only think about the agency rather than the insurance terms. You need to do the proper homework before you sign up for an insurance policy.

How long does it last?

How long does it last?

You need to decide your own term period which starts from 5 years. Any claim made within the term period will be accepted.

What if I stop paying?

What if I stop paying?

Your decreasing term life insurance will be cancelled if you stop paying the insurance policy. Your family will not receive any amount after your demise.

Any Feasibility with terms?

Any Feasibility with terms?

Yes, you can update your insurance terms in future if needed. Just have a word with a representative to make it happen.

Cost of an Insurance Policy

Cost of an Insurance Policy

You need to decide it, based on the current financial status of your family and how much they need in your absence.