Income Protection Insurance

Income Protection Insurance safeguards your earnings during illness or injury. Ensure financial stability with tailored policies. Contact us today.

Income Protection Insurance Service

We often insure our homes, possessions, and even our lives, but many overlook one of the most important aspects of financial stability: income protection Insurance. Unlike life insurance or critical illness cover, income protection is designed specifically to replace lost income if you’re unable to work due to illness or injury.

None of us know what the future holds. If an unexpected event stopped your income, how would you manage your mortgage, bills, and other monthly payments? Income protection ensures you can maintain financial stability until you recover.

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How Does Income Protection Insurance Work?

Income protection cover provides financial support if you’re unable to work due to illness or injury.

It replaces a portion of your income, ensuring you can meet essential financial commitments like mortgage payments and household bills.
If you return to work on a reduced salary, some policies continue to top up your income to ease the transition back.

Here’s how it typically works:

Policies vary, and our experienced income protection brokers will help you find the one that best fits your individual circumstances.

What Does Income Protection Not Cover?

It’s important to understand the limitations of income protection insurance. This type of policy:

Covers only accidents or illnesses that prevent you from working.

Does not provide income in cases of redundancy or unemployment unrelated to health.

If redundancy cover is something you’re considering, speak with our advisors about other suitable options.

Comprehensive Coverage

Can I Combine Income Protection with Critical Illness Cover?

Yes, many providers offer combined policies that include both income protection and critical illness cover. This type of plan ensures comprehensive coverage, providing a lump sum for critical illnesses alongside income replacement for ongoing health issues.

Our advisors can guide you through these options and help you decide if combined coverage is the right choice for your circumstances. For more information, visit our Critical Illness Cover section.

Why Choose Income Protection Insurance?

Income protection is a safety net that ensures you can maintain your lifestyle and financial obligations during challenging times. Whether you’re covering essential bills or planning for the unexpected, this policy provides:

Peace of mind, knowing your finances are secure if you’re unable to work.
Flexible options tailored to your specific needs and income level.
Support for as long as you need, until you’re back on your feet.

Common Questions About Income Protection Insurance

How much of my income will the policy cover?

Most income protection policies cover a percentage of your income, typically around 50-70%, depending on the provider and policy terms.

How long will the payments last?

Payments typically continue until you can return to work or reach the end of the policy term. Short-term policies are also available if you prefer lower premiums.

Can self-employed individuals get income protection?

Yes, income protection is an excellent option for self-employed individuals who don’t have sick pay or other benefits to fall back on.

Does income protection cover pre-existing medical conditions?

It depends on the insurer and the condition. Some policies may exclude coverage for pre-existing conditions. Our brokers can help you find the best option.

How soon after I stop working will the payments begin?

Most policies have a waiting period (deferment period), typically between 4 and 52 weeks. You choose this when setting up the policy, and it affects the premium.

Next Steps

At Bradgate FS we aim to make choosing and applying for a mortgage, protection, loan or insurance as stress-free as possible.

Life is full of uncertainties, but your finances don’t have to be. Plan for the future today by insuring your income, so you can stay on top of your monthly outgoings while you recover. Our whole-of-market insurance advisors will find the most competitive policy tailored to your needs and those of your family.

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