BE SIMPLY SMART AND GET SOME EFFECTIVE INCOME INSURANCE COVER

There may be occasions in our life when the unexpected happens, such as, an illness or an accident. Both are difficult enough but the thought of not having enough money to cover the monthly bills and monthly living expenses can be a daunting prospect.

Therefore for it would be simply smart for income earners to have an insurance plan in place so as to be prepared for any unexpected occurrences.

 An Income Protection Insurance policy which covers your health rather than your Life could be a product worth investigating.

Income Protection Insurance

Income protection insurance is a policy which pays an income when a person is unable to work.

Income protection is different from life insurance with the difference being that life insurance pays out on death only.  Income protection is paid on either a weekly or monthly basis and replaces what a person is unable to earn.

When you are looking at income protection insurance it is advisable to assertain how long you wish the cover to be in order for you to continue to receive pay employement Sick Pay ceases. If you have your own business/self-employed then the shortest possible time before your income starts is going to be the highest consideration.

As with all insurance policies occupation, income and affordability must be taken into consideration.

When looking at the amount of income needed; Income Protection benefit is not subject to Income tax and National insurance and there may be benefits which could be claimed to replace a wage earners reduced income.

Companies who deal with Income Protection Insurance do have exclusions in their policies the most common being.

• War
• Self inflicted injury
• Alcohol or Drug use other than as directed by a medical practitioner.
• Acts of Criminality
• Pregnancy and Child birth
• Aids
• Failure to follow medical advice

The costing of the policies can vary and is based on the length of the deferred period. The longer the period to when the policy starts the less expensive the policy can be. In some cases a company sick pay may be a period of full pay followed by half pay etc, an income protection policy can also provide half pay and full pay benefits.

Also when an occupation is looked at it may involve travelling lots of business miles and this may affect the policy.

Should you be considering the security in getting an income protection insurance policy now or in the future, then please fill out the form above and a Squashed Bills representative will be in touch in the strictest of confidence to discuss your requirements further.

• Dr Squash Income Insurance Quotes :

              a little foresight and small contributions – protects your income 

              being regular with payments beforehand – will help when your unfit to work