IF YOUR SALARY IS IMPORTANT - PROTECT IT
Sometimes called ASU (Accident, Sickness, and Unemployment) Cover - this can typically pay up to 65% of your income. But any payout is tax-free as well, and that coupled with any statutory pay-outs as well (say Tax Credits for example) - this means that any pay is very close to your existing monthly net salary anyway.
When might you need Income Protection?
We all know that Life Cover pays out if you are 'no longer'. But what if you are alive - then it won't! If you find yourself unable to work - you are ill but not 'that' ill to warrant a Critical Illness pay-out - or even if the business that you work for makes you 'redundant' - then protecting your income might be a possibility.
How expensive is Income Protection?
Not as much as you might think! It is not intended to replace your income forever - it is there as a 'helping hand' - typically the amount of 65% of your income for a period of up to 2 years can make a massive difference for some. NOT as much as getting another job of course - that is the whole point - it is not meant to replace getting a job, not is there to make life a little easier while you get work,
Might Income Protection might be for you?
It is just another 'helping hand' - and while it is unlikely to the first and only form of protection that anyone needs - it is offered by every single insurance company. Contact Bram Vis today and find out whether it is for you.
Income protection insurance (it used be called Permanent Health Insurance) is a long-term insurance policy designed to help you if you can't work because you are ill or injured. It ensures you continue to receive a regular income until you retire or are able to return to work.
A Whole of Market mortgage advisor is an impartial intermediary who acts solely in the interests of the mortgage borrower and not the lender. Unlike the High Street banks, Whole of Market advisors provide advice from products across more than one lender, offering a much wider choice. There are 3,000 mortgage products out there - what is the best one for you - ask Bram Vis.
Yes. Bram Vis is a Mortgage Adviser for Julian Harris Mortgages Ltd, authorised and regulated by the Financial Conduct Authority No. 304155 Co No. 3927189.