Income Protection

Income Protection

Losing the ability to earn an income could be a life altering event. The Financial headache you face when an illness or accident prevents you from working can be severe. Your hard earned savings would dissolve very quickly and while the wonders of modern medicine can have you back on your feet within days or weeks, for some people it can take months and even years before they can return to work.
What’s the Solution?
Income protection is a policy that provides an alternative income if you nd yourself in that situation. It means you can focus on your recovery.
Not only is Income Protection affordable, but like private health insurance, you will enjoy tax relief on any premiums you pay. Which makes it doubly attractive for the times we are living in.
• It can provide you with up to 75% of your normal income when you’re off work due to illness or injury – either until you return to work or reach retirement age.
• Has a guaranteed level premium option which means the cost will never go up, even if you make a claim.
• Quali es for Tax Relief at your marginal rate.
• Pays a daily replacement income if you are in hospital for more than seven days during your deferred period.
• Should you change employers or become redundant during the term of your policy, you will not have to reapply and your Income Protection plan will continue as normal.
• How you use your alternative income is up to you.
• You select when payments begin in the event of a claim by choosing a deferred period from 13, 26 or 52 weeks
• You choose the type of premium you pay (guaranteed or reviewable premium)
• You determine the policy term (the ceasing age of the policy – i.e. 55, 60 or 65 years of age)
These are just some of the bene ts Income Protection can offer you, for more information talk to us.

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