Life and Protection Insurance | Income Protection Advice
Life Insurance and Income Protection insurance policies are designed to offer financial support when the unexpected happens. Protection policies such as mortgage protection life insurance, critical illness cover, and income protection can protect you, and your family, from the financial consequences of death, a serious accident or illness, or unemployment.
Choosing the correct policy for you is vital for ensuring your loved ones are cared for. However, there are various types of life insurance income protection policies, and it can be difficult to know which is best for you.
At Cross Point Financial, we have been offering informed, impartial life insurance and income protection advice for decades. We can help you identify the best solution for you and assist in finding the right provider, right through to application.
For more information about the various life and income protection insurance solutions, click below, or get in touch, either via our contact form or by calling Andy on 07976 513630.
Income Protection Insurance
Income Protection Insurance pays out a regular tax-free replacement income if you become unable to work because of illness or injury.
It could help you keep up with your mortgage repayments and other living costs until you’re able to return to work.
Policies have a waiting period before they pay out, which begins when you become unable to work. The longer the period chosen, the lower your premium. It’s a good idea to find out what your employer would pay you, and what state benefits might be available so you can choose an appropriate waiting period.
The premium you’ll pay will vary depending on your age, health and job, as well as the level of income you wish to protect.
If you become ill or suffer an injury during your working life, an Income Protection policy can help protect against any possible loss of income, and speed your return to work.
This article (Income Protection Insurance) is intended to provide a general appreciation of the topic and it is not advice.
For more information please contact Cross Point Financial on 07976 513630 or email andrew.blower@openwork.uk.com and we will be happy to assist you.
Article expiry: 06 Apr 2025
When using these social links you will be departing from our regulatory website. Cross Point Financial is not responsible for the content of any third party websites.