Income Protection Insurance pays out a regular tax-free percentage of your income if you become unable to work because of illness, injury or, with certain policies, involuntary redundancy.
It could help you keep up with your mortgage repayments and other living costs until you’re able to return to work
The premium you’ll pay will vary depending on your age, health and job, as well as the level of income you wish to protect.
Q. Why should I have income replacement?
A. If you become ill or suffer an injury Income Protection insurance can help pay your mortgage or rent and essential bills giving you time to recover without giving you or family the stress of money worries.
This article is intended to provide a general appreciation of the topic and it is not advice.
For more information please contact Oakwood on 01483 266666 or email email@example.com and we will be happy to assist you.
Article expiry: 05 Apr 2019