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Income protection offers you financial support should you be out of work due to an accident or illness.
Request a call backThere are different types of policy available, covering general outgoings or specific loans such as your mortgage or credit card debt and even your divorce or child maintenance payments.
If you are unfortunate enough, through no fault of your own, to lose your job or are unable to work due to an accident or sickness, income protection policies can give you the ability to cover your expenses. Income protection policies are designed to allow you to focus on getting healthy or getting back into work by reducing the financial stress that inevitably follows being made redundant or unable to work due to an accident or sickness.
There are different types of policy available, covering general outgoings or specific loans such as your mortgage or credit card debt, or even your divorce or child maintenance payments.
When considering what type of policy to take out, you need to consider how long you are likely to need help if you are not able to work, how much you want the policy to pay out and how long you wait before the policy kicks in. As a general rule of thumb, the longer you are prepared/able to wait for the policy to start paying, the cheaper the premium will be.
Most insurers will pay out for periods up to 12 months and usually you can choose a percentage of your gross monthly income to cover.
SoSmart Money can give you fee free advice from a specialist income protection adviser, to help find you the most suitable product for your needs.
Income protection allows you to pay your everyday bills should you become ill and be unable to work. Giving you peace of mind that your mortgage, credit card and other outgoings are covered.
Get your quoteAccident, sickness and unemployment insurance (known as ASU) offers similar cover to income protection, with the added benefit of cover should you be made redundant.
Get your quoteFill in our online enquiry form and a representative from an FCA regulated firm will call you back to discuss your requirements and find a policy tailored to suit your individual needs.
Get your quoteSo Smart Money are specialists when it comes to mortgage and insurance. We have access to the UK’s leading brokers and using their knowledge and skills they'll place you with the most suitable lender and product for your needs.
Speak to an expert for mortgage advice, life insurance cover, to protect your income, insurance your home or contents and private medical cover.
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