Income Protection

Income Protection

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.

  • Provides Financial Security
    The primary benefit of income protection is financial security. When you have income protection, you can be assured that if you are unable to work due to illness or injury, you will still receive a regular income. This income can help cover your daily expenses, such as rent or mortgage payments, utility bills, and groceries. This can alleviate financial stress and help you focus on your recovery.

  • Income Protection Quotes
    In addition to providing financial security, income protection also helps protect your lifestyle. If you were to become ill or injured and unable to work, income protection can help ensure that you can maintain the same standard of living you had before. This means you can continue to enjoy the same hobbies and activities, go on vacations, and make the same investments. We can get the best income protection insurance for you by comparing the income protection insurance cost from mutiple providers – our income protection quotes are free !

  • Peace of Mind – Best Income Protection Quotes
    Another benefit of income protection is peace of mind. Knowing that you have a safety net in place can help ease your worries about what would happen if you were unable to work due to illness or injury. This peace of mind can help you focus on your recovery and improve your overall well-being. This is especially important if you have dependents – how could you provide for them if you could not work? Avoid cheap income protection insurance as this can come back to bite you – we will help you get the best income protection insurance.

  • Flexibility
    Income Policies offer a high degree of flexibility, allowing you to tailor the coverage to your specific needs. You can choose the waiting period, which is the amount of time you need to be off work before the policy starts paying out, as well as the benefit period, which is the length of time you will receive the income benefit.

  • Tax Benefits
    Finally, IP also offers tax benefits. The premiums you pay for income protection are usually tax-deductible, meaning you can reduce your taxable income and potentially lower your tax bill.
    In conclusion, income protection is an essential insurance policy that offers numerous benefits. It provides financial security, protects your lifestyle, offers peace of mind, and offers flexibility and tax benefits. If you are unable to work due to illness or injury, IP can be a lifeline that helps you stay financially stable and focused on your recovery.

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.