What is income protection?

Income protection insurance is a long-term policy which offers you an income benefit if you are unable to work due to illness or injury. The cover will usually offer financial support until you either go back to work or retire. It is also available on a short term basis if you would like to minimise your monthly cost. It will cover a proportion of your income rather than the full amount.

How much is income protection?

The cost varies depending on your individual circumstances. Factors that shape the cost of a policy include how long you want the policy to run for, when you would like the benefit to kick in and the amount of cover you require. There are also other influencing details, including your age, health and profession.

Can you have two policies?

Yes, subject to certain limits you can have different policies to protect your income.

Does income protection cover redundancy?

No, redundancy protection is a different form of cover.

How much protection should I have?

This very much depends on your circumstances and financial status. Salary, lifestyle and family situation are all important factors to consider. If you are self-employed, you will most likely require more cover than someone who works for a company and is entitled to sick pay.

Income Protection Advice

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Income Protection can help you if you are unable to work, for a variety of reasons. If you have financial commitments it can be very reassuring to know that you're covered should the unexpected happen.

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We help you find the right policy for your needs and give you the facts you need to make informed decisions.

The Right Cover For Your Needs, Now And in The Future

Working with our friendly team will give you access to a number of income protection solutions to help you work out which is best for you in case you can no longer work due to illness or injury.

We have been advising our customers on their income protection needs since 2001 so we are well placed to offer advice and recommendation as to which policy will be right for you.

*As with all insurance policies, conditions and exclusions may apply.

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How Income Protection Cover Helps You

What Is Covered?

If you are an employee you may be able to claim sick pay depending on what your employer offers, so your insurance needs may be less.

It is important to understand what cover you may already have as this can influence our recommendation. Income protection is also available if you are self employed.

Whatever your work situation, you can take out policies to protect against the effects of suffering an illness or injury.

Prepare For the Future

We all want to make sure we’re prepared for whatever the future can throw at us.

Income protection insurance can be an essential part of this forward planning, ensuring you can continue to pay your mortgage and bills should you lose your income as a result of illness or injury.

Working with our team of advisers can help you find the most suitable policy for your needs.

Amount Of Cover

The amount of cover you need to apply for depends on your personal circumstances.

Factors like the amount of savings you have, whether you have dependents and the type of policy you want will all impact what you need and the accompanying price.

If you’re unsure of the suitability of a policy, please contact an adviser for help.

Frequently Asked Questions (FAQ's)

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Simply fill in the form and one of our friendly advisers will be in touch to arrange your free consultation. We look forward to helping you.

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0118 9455 477

enquiries@beechwoodmortgages.com

68 School Road, Tilehurst,
Reading, Berkshire, RG31 5AW