income protection

Are you protected should your income stop?

Covering your monthly expenditure – If you were off work due to a long term sickness or accident, how long would any savings you have last. Would you be able to survive on £88.45 from the state to cover your mortgage, utility bills, food & travel expenses?

One of the simplest ways to cover loss of earnings is by taking out an income protection policy.

Income protection insurance is a long-term insurance policy to help you replace your income if you are unable to work due to long term sickness or accident.

The plan is designed to pay out a regular monthly tax free benefit based on a percentage of your earnings typically 50-60% of your gross annual income.

Income protection policies pay out a set amount of income after a specified period of time, and you can elect a waiting or deferred period of between one and 12 months; the longer you defer, the cheaper the policy. It usually then pays out until you either return to work, the policy expires, or on death.

However short term Income protection policies are now available at a lower cost. These usually pay a monthly benefit for a maximum of 24 months for any one claim. Caution is required as some plans only pay for a maximum of 24 months throughout the life of the plan.

Premiums are based on age, occupation, health, monthly benefit required, term of the policy, waiting period, and your smoker status.

To help protect yourself and your family against the loss of income, please click here for a free personal quotation.


Or call us free on 0800 093 2958 today

0800 numbers may not be free from all telephone line providers i.e. mobile phone

To see what you will get – statutory sick pay

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