If you could not work due to serious illness or injury, would you be able to survive on your savings or from sick pay?
You protect yourself, so why not protect your income?
These plans will provide a monthly income designed to help you pay your bills in the event that you are unable to work due to accident, sickness, or unemployment and the benefit can be payable for the term of the mortgage.
There are 2 types of Income protection, one is for short term cover of up to two years, and the other is long term cover.
- Accident, Sickness and Unemployment (ASU)
This is a short term income protection policy.
Will pay out for a limited period of time, typically one or two years or until you return to work.
- Income Protection Insurance (IPI)
This is long term income protection insurance. It replaces part of your income if you cannot work due to illness or disabled.
It will pay out until you return to work, until you retire, death or until the end of the policy term, whichever is sooner. Longer term income protection will give you a stronger safety net.
IPI is an insurance policy that’s affordable and easy to arrange, helping to give peace of mind to you and your family.
If you need any Income Protection advice then we are here to help you, please call 01224 516 888 or click here. We are based in the West End of Aberdeen and are happy to travel to your home or place of work. We can also set-up an appointment at our Queen’s Gardens office or meeting room in the city centre. Weekend appointments also available!