Income Protection Insurance
With Income Protection Insurance, you can protect yourself against the loss of income due to illness or injury. Should you be unable to work for a period of time due to illness or injury, you will receive a regular monthly tax-free income to help you continue your lifestyle and maintain your standard of living.
Spectrum FA are experts on Income Protection, so we will guide you through the entire process. Our advisors provide a service that is tailored to your individual needs, so you can rest assured knowing you are protected when you need it most.
We have access to the leading insurance providers and we will advise you on the most suitable policy for your individual circumstances. By giving you the flexibility to select the level of cover you require and the terms of your policy with or without the optional extras, you remain in control at all stages of the process.
To find out how Spectrum FA can secure your financial future, please get in touch with us today to arrange a free, no obligation review. You can contact us via email at info@spectrumfa.co.uk, via the phone on 01279 315 013, or by completing the contact form on the website.
Please also look at our frequently asked questions (FAQs) towards the end of the page.
Reliable Cover
Spectrum FA provide expert protection advice on policies from the leading insurance providers to ensure you receive reliable cover at competitive prices.
Flexible Terms
Many policies come with added features as standard, as well as optional extras, giving you the flexibility to select the level of cover that is right for you.
Impartial Advice
Spectrum FA work only for the benefit of our clients, so you will receive completely impartial advice that puts your own needs and circumstances first.
FAQs
View some of our frequently asked questions that some of our customers have asked.
Income Protection Insurance is a policy that will protect yourself against the loss of income due to illness or injury. In the event of you being unable to work for a period of time due to illness or injury, the policy will pay a percentage of your income, on a monthly basis, for a pre-agreed term.
An Income Protection Policy pays a percentage of the insured’s income if, during the policy term, they suffer a loss of earnings due to illness or injury.
Income Protection Insurance is available to those who are employed or self-employed on a full or part-time basis, with the policyholder being able to choose the following:
- The monthly benefit amount
- The point at which the benefit will be received
- How long the benefit should be received for
- The term or duration of the policy
- Whether (and, if so, which) other optional extras/add-ons are to be included in the policy
The level of cover chosen and the cost of the premiums will depend on the needs of the policyholder or person insured. Income Protection Insurance comes with additional features, such as waiver of premium, increasing benefit or back to work benefit. Once the correct level of cover is in place, the policyholder will commence paying the insurance premiums. If the person insured is unable to work due to illness or injury, the Income Protection Policy will pay the agreed amount of money each month, to replace their lost income.
Income Protection Insurance is also available to stay at home partners or full time parents who may not work or have their own income. If they are not able to perform their daily duties due to illness or injury, certain providers will set a monthly amount that will become payable to them.
The sudden loss of an income due to illness or injury, particularly on single-income households, or on households where one partner earns significantly more than the other, can have a huge impact on their standard of living. Income Protection Insurance is vital to protect both the person insured and their family from the negative effects of a sudden loss of income due to injury or illness, ensuring their current lifestyle can continue and they are able to pay their monthly outgoings.
If you do not have any plans in place to protect yourself against the loss of income in the event of illness or injury, then an Income Protection Insurance Policy should be a serious consideration.
Due to the wide range of optional extras, Income Protection Insurance is an area that requires expert protection advice.
With many years’ experience Spectrum Financial Advice are experts on Income Protection Insurance. We guide you through the entire process, taking your individual circumstances into account before we recommend the most suitable policy and arrange the policy on your behalf. We will ensure you receive suitable advice with the correct level of cover for you and your family.
Spectrum Financial Advice are regulated by the Financial Conduct Authority and have helped many individuals protect their income with Income Protection Insurance. Being fully independent we have access to the leading insurers in the market, and we will recommend a suitable policy, based on you individual circumstances. We will:
- Assess your situation/circumstances (free of charge and without any obligation to proceed)
- Recommend the most suitable policy to meet your individual circumstances and arrange this policy on your behalf with the most suitable provider
You will speak directly to an expert who will guide you through the process from start to finish and handle all the paperwork.
To find out more, please speak to our team today about Income Protection Insurance or arrange your free, no obligation review. You can contact us by email at info@spectrumfa.co.uk, by phone on 01279 315 013, or by completing the contact form on the website.
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