Income Protection

What is it?

iStock 000003624360XSmall 300x251 Income ProtectionA policy which pays out a monthly benefit if you are unable to work through illness or accident. The cover normally continues until a chosen retirement age

Who needs it?

Anyone under retirement age whether employed or self employed who would suffer financially if they could not work for a prolonged period

Points to watch out for:

  • The definition of when they will pay a claim. Ideally the Insurance Company should pay out if you are unable to carry out your normal occupation and you are not doing y other work
  • The amount of cover you take. The Insurance Company usually impose a maximum cover, say 60% of current earnings
  • If your occupation or income changes you should tell the Insurance Company otherwise they may not pay out a claim, or you may be paying for excess cover which will not be paid to you
  • There is a deferred period before cover becomes payable, the shorter the more expensive the cover, you need to select a period which suits your circumstances

Corporate Services

Providing your employees with a good benefits package which includes access to a pension arrangement is important. We help our clients to do this effectively.

Find out more about our Corporate Services

Business Startup Pack

We have worked with many start up businesses over the years and as a result of this we have realised that a start up pack can be enormously important.

Find out more about our Business Startup Pack

John 35 and Paul 42 work in partnership as web designers

It was Paul who was keen to seek advice because it is John who has the marketing skills and Paul could see that if John left the business, died or could not work through sickness the business would suffer financially.

Read More