Permanent Health Insurance, commonly known as income protection will pay you a replacement income if you are unable to work due to an accident or sickness. In essence the policy is a form of sick pay.
Typically, the benefits paid are around 50%-60% of your income, which can be level or indexed (linked to inflation). The policy is designed to continue to pay you an income to meet living costs until either your return to work, retirement or upon death, whichever comes first.
This policy is most commonly taken after your sick pay has lapsed through work, known as a deferment period. To discuss the options available to yourself and your family please contact one of our experience advisers who will be more than happy to explain the benefits and drawbacks of each policy.
Please do contact us at firstname.lastname@example.org or the number below to arrange a complimentary, no obligation quote.