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A monthly benefit if you are unable to work.
An Income Protection Policy is one of the most important insurances that you can consider, as without your income, your life style could change dramatically. What would you do if you could not work due to disability or ill health? If you had a reduced income, how would you pay your bills? Could you survive on State Benefit alone?
An Income Protection Policy is designed to protect your income if you are unable to work as a result of disability or ill health. Unlike an ASU policy which typically has a maximum term of 1 or 2 years, an Income Protection policy can have a significantly longer term, and typically upon a successful claim would pay out a monthly tax-free income after your chosen deferred period until you either recover or reach your selected retirement age. Unlike an ASU policy, Income Protection policies typically do not protect you against redundancy.
The maximum cover you can have is typically between 50-60% of your gross income, however, as the benefit is paid tax free, you can replace a high percentage of your income in the event of long term incapacity.
Some of the most common conditions covered by income protection insurance are mental illnesses such as anxiety, stress or depression & back pain.
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Give us a call on 01903 206902 or use our contact form to submit an enquiry.
Feel free to use our range of handy Mortgage Calculators
Your home may be repossessed if you do not keep up repayments on your mortgage.
Most forms of buy to let mortgage are not regulated by the Financial Conduct Authority.
We normally charge a fee for mortgage advice, however this will be dependent on your circumstances. Our typical fee is £395.
Crystal Finance is a trading name of CF 2012 Limited registered in England & Wales. Company No. 08120262 and registered office at 2/4 Ash Lane Rustington West Sussex BN16 3BZ
Crystal Finance is a trading style of CF 2012 Ltd which is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority.
The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK
Basepoint Business Centre
Little High Street
Shoreham by Sea
Tel: 01903 206902