Income Protection

Our income protection insurance provides payment protection in the UK against accident, sickness or redundancy.

Income protection insurance.

This income protection insurance policy is designed to provide income protection quote in the UK against accident, sickness or unemployment. A key feature of the income protection insurance policy is the fact that you do not need a mortgage to take out cover - but if you do the quote is less.

Our income protection insurance benefit

The maximum benefit available with our income protection insurance policy is £1,000 per month - or 50% of your gross income less other benefits. Many people take our income protection insurance in conjunction with a mortgage payment policy to maximise the total benefits. The maximum combined under this policy is £1,500.

The income protection insurance cost.

Our income protection insurance costs depends on if you want payment protection against accident and sickness only, unemployment only or combined accident, sickness and unemployment. The monthly premium for the policy is based on a percentage of the benefit wanted as follows:-

	Income protection Insurance			Protection Insurance - Mortgage
Excess	R	AS	ASR	R	A/S	ASR
Nil	£4.00%	£3.40%	£4.85%	£2.50%	£2.50%	£3.75%
30	£3.50%	£3.05%	£3.95%	£2.35%	£2.35%	£3.25%
60	£3.15%	£2.80%	£3.65%	£2.25%	£2.25%	£2.75%

Thus an income protection insurance quote for £1,000 per month would be £48.50 per month for combined cover, £40.00 per month for unemployment only or £34.00 per month for Accident and Sickness only. The quote would be even cheaper if you take an excess.

Other points to note.

You can obtain an income protection quote in conjunction with mortgage protection - this reduces the rates further. A maximum of £1,000 on income protection - £1,500 in total.
The benefit period is 12 months
The policy pays out back to day one after 30 days - on the 31st day of eligibility the first payment is made - unless you take an excess.
There is an initial exclusion period of 120 days - unemployment cover (but not accident/ sickness) commences after 120 days. (mortgage protection policies have shorter periods and in some cases we can eliminate this initial exclusion period.)

Our income protection insurance provider.

The income protection insurance on this page is provided by DMS, who specialise in all forms of income and mortgage protection. Full information about the policy is provided on their website. If you take out this insurence policy then DMS assume responsibility under the FSA for the administration of your contract. You should note, therefore that this is NOT an advised sale and it is up to you to confirm that the policy meets your requirements.

If you want advice please contact us on 0870 7456247. We offer a range of policies and can discuss the merits of each policy.

Income protection Insurance Quote

Landlords insurance | Accident sickness unemployment insurance | mortgage protection insurance