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Income Protection

Income Protection Insurance

It's when you need to make a claim that you realise just how wise investing in health and medical insurance can be.

If you're unable to work because of illness or injury, Income Protection Insurance is designed to provide you with a regular tax-free monthly income.

The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.

Long-term income repayment policies usually come into play between the time when your employer stops paying sick pay, and when you collect your pension.

Shorter-term policies tend to be used to protect a mortgage, bank loan or other payment. These usually commence within a few weeks but stop entirely after 12 months or 24 months. Short-term policies often include involuntary unemployment and redundancy, unlike longer-term income protection cover which does not.

To clarify, Income Protection Insurance only applies to products that pay you an income if you become unable to work due to sickness or injury. Policies to protect mortgages, loans or credit card debts are often called Accident Sickness Unemployment (ASU) policies.

We will happily explain this in more detail to you.

INCOME PROTECTION (WITH NO INVESTMENT LINK) HAS NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF YOU STOP PAYING PREMIUMS YOUR COVER MAY END.

PROTECTION ENQUIRY FORM

Your Address

Cover Required

Lives Assured

1st Life Assured

2nd Life Assured

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We may need to collect sensitive personal data including information about your health, ethnic origin, or criminal prosecutions from third parties such as employers and credit reference agencies, fraud prevention agencies and other similar organisations in order to provide you with the services, for example where you require advice on protection or mortgages products.

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  • Upon reviewing our insurances we realised that we did not have any mortgage protection in place and engaged Alex to look at the options best suiting our particular needs. Alex explained the options with recommendations, and in particular obtained cover that would otherwise have been difficult or too expensive. We are now very confident that we have suitable and adequate protection in place that is not excessive but suits our current and future needs.

    Sarah Back - Rainham

  • I would have no hesitation at all in recommending Phil to provide high quality, detailed and innovative financial planning advice. He has advised me for a number of years now on a wide range of affairs and really invests the time to understand your position and objectives, and works to provide the best solution. Overall, a very impressive service.

    Sam Colyer – Hempstead

  • I have been working with Phil now for around 14 years in his field as a Financial Advisor, until then I had only been given ad-hoc advice. It was encouraging finally to find someone with the expert knowledge that Phil has to work with in a proactive and personable relationship. Over the years I have been associated with Phil he has given me invaluable advice and together we are now managing a wide range of my financial requirements, from investments and Pensions through to social impact planning. I am pleased to recommend Phil for these reasons and above all for his integrity and professionalism.

    Tom Wiltshire – West Malling

  • I first used Phil for a Will – that was in 1988! He has been a trusted and reliable source of knowledge that has since secured my future financial planning. I have a sound investment portfolio that has diversified my risk but also has been an exciting path to follow. Phil has helped me understand what areas I can invest in and taken decisions that I understand. He always speaks in a language I can understand and I feel I have a sound future when it comes to my financial planning.

    Julie Anderson – Maidstone

  • I realised I had a passive IFA and in view of my pending early retirement I needed to find a more ‘tuned-in’ IFA. Philip completely reorganised my investments and pensions which resulted in a boost to income and investment returns. I have been very satisfied with the outcome. Obviously Philip cannot control the direction of markets but he does extremely well in providing the protection on investments that suits me and my attitude to risk across a number of products

    Cliff Hanson – Chislehurst

  • Phil gave me excellent advice. He advised me on what plans best suited my circumstances and retirement plans. He explained the schemes in details without any pressure. The old schemes have now been transferred without any problems

    Robert Humphries – Bordeaux, France

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Direct Financial Planning UK Limited
2A Galleon Way
Lower Upnor
Rochester
Kent
ME2 4GX
T: 01634 730800
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The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Direct Financial Planning (UK) Ltd is an appointed representative of TenetConnect Services Limited, which is authorised and regulated by the Financial Conduct Authority. TenetConnect Services Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference 150643.

Direct Financial Planning (UK) Ltd is registered in England and Wales under reference: 04709132
Registered Address: same as above

 

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