Income Protection Insurance

Income protection insurance (sometimes known as permanent health insurance) is a long-term insurance policy designed to help you if you can’t work because you’re ill or injured.

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It ensures you continue to receive a regular income until you retire or are able to return to work.

One of the biggest fears for many people is not being able to pay the mortgage - or meet other financial commitments - if they are made redundant or unable to work due to illness or accident. 

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This is particularly worrying in the current uncertain climate, but one of the simplest ways to cover loss of earnings is by taking out income protection.

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Income protection pays out a regular tax-free replacement income if you are unable to work because of ill health or an accident; it enables you to pay the mortgage, as well as the daily costs of living.