Jump to main content of pageaccessibility informationSitemap
5 Nov 2024
Get a Cheap Income Insurance Protection Quote Get an Instant Quote Today! Go Direct Best Protection Quote Price Guarantee
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Income Protection News

Income protection insurance can help people cope financially

Income protection insurance has been recommended as one of the ways to ensure consumers can cope financially if they were unable to do their job or become incapacitated by illness.

This type of cover can guarantee income of between 50 per cent and 65 per cent of one's salary until retirement age is reached or a full recovery is made, according to Lovermoney.com.

Accident, sickness and unemployment insurance on the other hand could come in handy if redundancy occurs or one is unable to work for health reasons and will offer up to 50 per cent of your salary tax free for a year.

Writing on the website, Neil Faulkner recommended taking out income protection insurance ahead of any other type of cover such as home contents insurance, pet or mobile phone protection.

Mr Faulkner has also recommended considering critical illness insurance, which can provide a lump sum should a diagnosis of critical illnesses such as strokes and some types of cancer are made.

In addition to providing peace of mind, these and other life insurance policies can ensure there is a financial cushion to cater for any eventuality.

One in ten people are pulling out of life insurance contracts due to the recession, the Association of British Insurers said this week.

 

Do you want advice on Income protection insurance?

After looking through the income protection insurance information if you would like income protection advice, complete our life insurance enquiry form and we will contact you to discuses your income protection insurance and protection needs. Alternatively if you would like to see an instant income protection insurance quote why not try our online quote system and see what you can save with our discounted premiums.

You may also be interested in:

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

Income protection insurance can help people cope financially - Income Protection Quotes