Income Protection
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What happens if my health fails and I am suddenly unable to work?
Perhaps this is not a question we ask ourselves often enough. Despite the care taken to insure our homes, cars and possessions, we often overlook protecting the very thing that could cause us to lose them all, our health. If you are unable to go to work, you may have to rely on either statutory sick pay or incapacity benefit, neither of which would come close to supporting a typical family household.
What is Income Protection?
The aim of Income Protection is to provide you with financial security if you are unable to work due to illness or accidental injury. At Affinity we talk you through the many options and benefits available:
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it can provide a regular monthly income if you are unable to work and earn because of ill health
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all benefits are paid to you tax free
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any part time earnings can be topped up, which is useful if your return to work needs to occur on a gradual basis to aid rehabilitation
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benefits will be paid to you for as long as you are unable to work which could be right up until the age of retirement depending on the original term chosen
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the cover is designed to start paying when your employer's sick pay period ceases, this is called the deferred period. The policy can be tailored to your requirements ensuring that you will not be without income during your rehabilitation
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benefits can also be paid during the deferred period if your illness or injury causes you to be hospitalised.
If you would like to know more about Income Protection or would like us to provide you with a quote from our panel of providers, please call us free on 0800 158 3520 or complete the enquiry form below.
