Best Insurance

Income Protection Insurance

If you want to have financial assistance to cover your monthly regular outgoings should you find yourself suddenly unable to work, then income protection insurance may be the best choice for you.

Income protection insurance means that in the event of you losing your job through no fault of your own, you would still have the financial assistance to meet your monthly outgoings. With our income protection insurance, you don't need to disclose any of your outgoings and you don't need to be paying any mortgages, loans or rents.

• How does it work?
• Unemployment can happen to anyone
• Income Protection Insurance can reduce financial stress
• Income Protection Insurance is an affordable way to put your mind at ease should the unexpected occur.

How does it work?

"Income Protection Insurance" protects your monthly regular outgoings, usually up to 50% of your gross monthly income or £2,000 whichever is the lower. The main objective of this insurance is to provide you with a monthly income that will enable you to cover your expenses.

One of the best things about income protection insurance is that you don't need to have any mortgages, loans or rent for this insurance. You can cover yourself for up to 50% of your gross monthly income and there is no requirement to disclose what you spend the benefit amount on. It is entirely up to you to decide how to use the money you receive from this income protection policy.

Income Protection Insurance are also known as stand-alone protection short term protection insurance and can be used to cover loss of income due to redundancy, unemployment, accident and sickness. Whilst in employment, it's easy to take your monthly income for granted, but should that be suddenly taken away, without having income protection for loss of earnings, you could find yourself worrying about how to meet your financial obligations. A good form of unemployment cover means that you can concentrate on getting back to work rather than losing sleep over paying your bills.

If you are in a situation wherein you do not have a mortgage, loan or rent to pay, then income protection insurance is the product to choose. Also if you have a mortgage, loan or rent payments are much lower when compared to the benefit amount you want, income protection should be your choice. Best Insurance is designed to in such a way that our interactive quote system automatically chooses the right product for you.

Unemployment can happen to anyone

Income protection insurance can make a big difference if you find yourself unable to bring in an income because of unemployment. Imagine your wages suddenly stopped tomorrow, without financial assistance would you be able to meet your monthly bills and outgoings? Income protection insurance is designed to provide you with the financial support to help you get back to work as quickly as possible. It is a short term insurance policy, which means that insurers usually pay out up to 12 months. In that time you would receive the financial assistance to meet your regular obligations until you have managed to get back into employment.

Income Protection Insurance can reduce financial stress

Income protection insurance can be a big saviour if you are unable to work and your stops due to being made redundant, unemployed or off work due to an accident or sickness. The last thing you would want in these situations is not having sufficient money coming in each month to meet your expenses. Income Protection Insurance is a crucial safety net which will assure you of the benefit amount month after month until you are back to work. can make a big difference if you find yourself unable to bring in an income because of unemployment. Imagine your wages suddenly stopped tomorrow, without financial assistance would you be able to meet your monthly bills and outgoings? Income and commitments protection is designed to provide you with the financial support to help you get back to work as quickly as possible. It is a short term insurance policy, which means that insurers usually pay out up to 12 months. In that time you would receive the financial assistance to meet your regular obligations until you have managed to get back into employment.

Income Protection Insurance is an affordable way to put your mind at ease should the unexpected occur.

 

Also have a look at our payment protection insurance products and income protection cover