Income protection Insurance (IP) : As we navigate through the ups and downs of life, one thing that remains constant is the need for financial stability. But what happens when unforeseen circumstances like illness or injury prevent us from working and earning a living? This is where income protection comes in.
How does it work ?
Income protection is available through most large insurers – Royal London Income protection, Aviva, Zurich etc. They will provide upto 75% of your current income in case you are unable to work. Its available upto 70 years of age so you could receive regular payments for 40 years plus ! If you have dependents income protection is a must. How would you pay the bills if you cant work? Get an income protection quote now.
Its a type of insurance that provides you with a regular income if you are unable to work due to illness or injury. In this blog post, we will discuss why you should consider getting income protection and the benefits it offers.
Click here to see Marc’s Story on IP Cover and how it benefits him and his family
If you or your partner are unable to work, will you be able to cover all of your bills and living expenses between now and retirement? Where will the extra money come from.
Most people will have life cover which protects against the worst case sceanrio – but if you have what might seem like a minor incident it could stop you from working for good. The cost of IP increases as you get older so you need to get it in place when you are young.
For more information please contact Pangea and we will be happy to discuss further.