Income Protection Insurance for Public Sector Workers
Should accident, sickness or unemployment prevent you from working, this protection insurance will make payments into your bank to help you fund your monthly outgoings.
You do not have to have a mortgage or a loan agreement in place, but if you do you could cover those payments as well as your other monthly outgoings with just one policy. With your income covered, you could afford to maintain your lifestyle.
- Age based pricing tailored to service conditions
- Accident & sickness claims deferred for 1- 6 months
- Unemployment paid back to day 1
- Claims paid in full during half pay period
Public sector workers can now obtain cheaper insurance because we take account of your inability to claim while you’re receiving full sick pay. You may choose an excess period of between 1 – 6 months for accident & sickness claims to match your full sick pay entitlement, which reduces your premium.
How much can I cover ?
Irrespective of the reason you are taking income protection, you can cover up to seventy five percent of your net monthly income, up to a maximum of £1500 per month. You do not need to have a mortgage or any loan agreement in place, just an income. The insurance money is yours to do with it as you wish. Most people use it to pay their monthly bills such as food, transport, credit cards and rent or mortgage.
Why take income protection?
Income Protection Insurance can protect your mortgage or rent as well as your other monthly outgoings such as food, utility bills and credit card or loan payments. Medicals are not required and habits such as smoking do not affect your eligibility or your premium.
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