Income Protection Insurance Northern Ireland
If you are off work due illness or injury, then its important to have a source of income for you and the wider family during that period.
Whether you are:
– Self employed and don’t receive sickness pay
– Rely on physical health to do your job
Then, you may need income protection insurance to ensure that you and your family are financially stable during time off work.
We can help you today!
Book a free, no obligation income protection insurance consultation today, with one of our dedicated and trusted financial advisors.
What is Income Protection Insurance?
Income Protection insurance is designed to ensure that you’re financially secure during time off work, due to sickness or injury. It is important to remember that income protection insurance does not cover redundancy.
Income protection Insurance Vs Critical Illness Insurance
Income protection insurance pays a percentage of your gross salary or sum as a payment to you during a selected period of time. You can also make multiple claims whilst your policy is valid.
Critical Illness Insurance, only provides financial help if you are diagnosed with serious illnesses such as cancer. It pays out a single lump sum, which is equivalent to the amount you decide on when you take out the policy. Once you’ve claimed, the policy comes to an end.
Is Income Protection Insurance for me?
It’s worth taking time to think carefully about whether Income Protection Insurance is for you. It’s also a sensible idea to discuss your options with an expert financial adviser, as not all income protection policies are the same.
Speaking to a trusted and independent financial advisor can help answer any of your questions and then some. To book a free consultation, contact financial foresight today!