Income Payment Protection

Call 0844 875 55 33 quoting ref WSS20
(Immediate quotes and advice during working hours)

Short Term Payment Protection

Long Term Payment Protection

Payment Protection Life Insurance

Payment Protection Critical Illness

Income Payment Protection

Did you realize what a high percentage of people suffer from an extended illness or accident that prevents them from working? One in four people will take in excess of a month off work because of this. It is essential to protect yourself if you are unable to work due to illness or accident. Some employers provide their staff with their full salary or a proportion of their salary for a few weeks or months. The law requires all employers to pay statutory sick pay for up to 28 weeks. However, this will be a substantially less than your normal pay.

If you are self-employed you will not receive any employer benefits or statutory sick pay.

Payment Protection Insurance protects your income in the event of long-term illness or accident that prevents you from working. The maximum you are allowed to insure for is usually 50% to 60% of your earnings before tax.

In the event of a claim being made because of illness or disability, an income Payment Insurance policy would pay out a tax-free income.

The cost of the Payment Protection premium depends on a number of factors which include: your age, your sex, your health, your occupation and your hobbies and lifestyle. One other factor which influences the premium is the deferred period. When you make a claim there is a deferred period before the benefit is paid. Normally deferred periods are from 4 weeks to 104 weeks. The longer the deferred period, the lower the premium will be.

Most people reaching this point would have already decided that payment protection is a good idea so why choose UKinsuranceNET?

UKinsuranceNET are specialist insurance brokers in this type of income protection cover and we deal with all of the major UK insurance companies and underwriters. We are not tied to any one insurer and so we are able to arrange cost effective protection for you without compromising quality. Speak to one of our highly experienced consultants today on 0844 875 55 33 or fill out our online quote request form and one of our advisors will contact you.