Income Protection Cover
Income Protection is a way to receive regular payments to sustain your lifestyle and keep your household running. Currently, government sick pay for the employed is just £86.70 per week yet average weekly outgoings total more than £400.
A good income protection plan will provide you with between 50-70% of your usual earnings, tax free, however long it takes you to recover.
That provides huge peace of mind. You can concentrate on getting well, whilst the policy covers your bills until you’re able to return to work, you retire or the cover ends, whichever is soonest.
It’s also possible to add on cover for redundancy or unemployment too. If you would like a plan which offers a lump sum to help with costs should you be diagnosed with a serious illness, take a look at our Critical Illness Cover.
The team at Westcountry Health Care will help find a plan you can afford – the cost doesn’t have to be huge, but the benefit will be enormous.
Give us a call today and relax tomorrow, knowing your future is secured.
- It replaces part of your income if you can’t work for a while because you’re ill or disabled.
- It pays out until you can start working again or until you retire or the end of the policy term whichever is sooner.
- There’s a waiting period before the payments start. You generally set payments to start after your sick pay ends, or after any other insurance stops covering you. The longer you wait, the lower the premiums.
It’s not the same as short-term income protection, which also pays out a monthly sum related to your income, but only for a limited period of time (normally between two and five years) and usually covers fewer illnesses or situations.
- pre-existing medical conditions (any illness you already knew about when you bought the policy)
- normal pregnancy
- self-inflicted injury
- disabilities or illnesses that are due to criminal acts
- misuse of alcohol or drugs
- disabilities or illnesses if you are involved in war, riots, invasion, or terrorism
If you have existing health problems or a dangerous job you might not be able to get cover at all.
You’re most likely to need it if you’re self-employed or employed and you don’t have sick pay to fall back on.
You also need to be sure you can keep paying the premiums, which can be expensive. You need to set your premiums at a level you can afford to balance your current budget against the peace of mind that having income protection cover gives.
"- Hammad from Surrey , WCHC CustomerI should like to join the large and growing number of satisfied clients….of Westcountry Health Care…Susie not only possesses a relevant medical qualification but also the management skills to efficiently run her company, and…offer her clients a personal, helpful and effective service which distinguishes her services from her competitors"
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