Income Protection is becoming one of the UK’s most successful products with 85% of all Income Protection claims being paid out last year according to an Aegon report*. Continue reading to find out more…
Founded in 1880 and only available in a few countries including the UK, Income Protection gives policy holders the opportunity to have most of their income paid to them if they were unable to work through sickness or injury.
With Income protection, if you DID happen to be involved in an accident that was completely out of your control, both you and your family would survive due to your income continuing despite you not working.
When you purchase Income Protection, you have the chance to continue to have an income even if you are unable to work at all due to either an illness or an accident.
With various products available, Income Protection is the most secure protection scheme available in the UK and is one financial product that every working adult in the UK should consider purchasing.
Continued Income – Benefits will be paid once the deferred period has passed. These payments will continue until you either pass away or your health recovers
Tax-Free Payments – Payments are made regularly and may be tax-free**
Policy Rules – The Insurance Company can’t cancel or refuse to renew the policy
Returning To Work Part Time – If you’re able to return to work on a lesser scale, there are policies that will continue to pay out a reduced amount.
Flexibility – There are a range of plans available that could suit you
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