Ill health can happen to anyone, at any time. In fact, every year almost half a million people in the UK suffer an injury or a serious illness that means they can’t work for a month or more. Income protection could provide you with an income during these difficult times.
An income protection policy pays out a monthly income to replace a proportion of your income in the event that you are unable to work as a result of an injury or sickness.
Source: HSE Gov UK
It will pay out after a set amount of time has passed (which is decided by you at the start of the policy) and is known as the ‘deferred period’, it will continue to pay you each month until you are either well enough to return to work, you reach retirement age or the policy reaches the end of its’ term. This means that you have peace of mind of a regular on-going income to maintain your lifestyle should you fall ill, or have an accident and need to take time off work.
Do you receive full pay from your employer if you are off sick from work? How long do you receive full sick pay for? Would you be able to pay your mortgage, bills etc if you could not work? Are you self-employed and therefore will receive no sick pay if you cannot work? Get in touch today to protect your income.
Use the information and tools to learn what you need.
Contact us to start discussing your mortgage or protection options.
Let us do the work in sourcing your mortgage and insurances.
You can use our tools to find out more, or click ‘get advice’ to speak to an adviser.
Worrall Mortgages Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority FCA no. 1009151 Registered in England and Wales no. 14008800. Registered address 22a Main Street, Garforth, Leeds, LS25 1AA.
This information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances but typically this will be £395.
Your home may be repossessed if you do not keep up repayments on your mortgage or any loan secured on it.
Conveyancing Services and Some forms of Buy to Let mortgages are not regulated by the Financial Conduct Authority.
22a Main Street, Garforth, LS25 1AA
