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Income Protection
Income protection has become more and more popular recently because of the increase in self-employment
within the United Kingdom. An amount that the individual requires to be paid in the event of
loss of income due to unemployment will be determined prior to the policy being taken out because the income of the self employed individual is not a set amount.
It can be considered essential for self employed individuals due to the uncertainty of their
income, it is often now referred to as unemployment
assurance (to cover the individual in case of his or her being unable to
work) or redundancy assurance. The amount in percentage terms of the individual’s income that will be covered by the policy will be determined when the policy is taken out; for example, the individual may choose to take out a policy that will cover him or her for a period of 6 months and pay 60% of his or her
salary, in the event of unemployment or redundancy. All these details will be discussed and decided when the policy is taken out. An amount that the individual requires to be paid in the event of unemployment will be determined prior to the policy being taken out because the income of the self employed individual is not a set amount.
Very often the self-employed individual would work alone and be solely
responsible for his salary, so monthly payments from the policy will start
in the event of accident or illness and give him or her the protection of
earnings that they need.
Click here to complete an online quotation
We supply cover for residents in England, Scotland and Wales and we also have the facility for providing cover for British Expats. (We also have affiliate sites to provide cover for USA
residents looking for any other insurances.) We offer many different types
of assurance products, click any of the links below to find out more about
the products we save you money on! Complete the application request giving
us as much detail as you can; the more information you give us the easier
it will be for our financial experts to supply a quotation which perfectly
suits your needs. you may be thinking of increasing the cover for your
family’s security, whatever the reason, give us the opportunity to find
the cheapest quote for you, complete the form now!
Looking for other competitively priced policies? click the links below.
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