Income Protection

How long will your employer pay you while you are off work due to an illness?

Believe it or not, a huge number of people have absolutely no idea how much they will get from their employer or for how long, many think they will just keep paying them until they return to work, but this is rarely the case.

Happy to rely on the state? If you qualify for Statutory Sick Pay (SSP) then you may be entitled to a weekly amount for up to 28 weeks; after that ends, if you are still unable to return to work then you may have to apply for Employment and Support Allowance (ESA) to see if you qualify for that after you fill in a 56 page application form!

Have a look at the Government's website to see how much SSP and ESA are currently; for many people, this will not even cover their mortgage, let alone the bills and food.

Income protection can be arranged in two ways - short term protection where you are covered for short periods of time such as up to 2 years, or long term where you will be covered to a certain age or date so if you were to claim then you would continue to be paid until a certain event like returning to work or reaching the end of the plan at a set age like 65 or 70.

Cover can be arranged to either protect a percentage of your income or just to cover certain bills like your mortgage, it all depends on your needs and we will always run through your options and provide advice on the most suitable solution to your needs.

Self Employed?
Who is going to pay you for not being able to work? Protection can be arranged so there is no deferred period, meaning should you be unable to work due to accident or illness you can start claiming straight away.

You should always have an emergency sum of money to fall back on, why not have a review with us free of charge to make sure you won't be financially in the dark should something happen to you.