Income protection insurance is designed to provide a tax free income in the event of the insured individual being unable to work due to ill health or an accident.
Income protection payouts are based on a percentage of your earnings and you usually could expect to receive 50-70% of your wage. The level of premium will depend upon benefit and term selected and most policies cease to pay the benefit once the insured is able to return to work.
There are number of variations of income protection insurance available – whatever your situation we would encourage you to get in touch with a member of our team to discuss your options.
We’ll listen to your needs, and what level of cover you are looking for and work directly with providers to find you the best and most appropriate deal.
For further details, speak to a member of the First Financial Solutions Team on 01639 262222.
*Income protection (with no investment link) has no cash in value at any time and will cease at the end of the term. If you stop paying premiums your cover may end.