Income Protection

Income Protection (also know as Permanent Health Insurance or PHI) provides a monthly tax-free replacement income, if you are unable to work due to a long-term illness or accidental injury which results in loss of earnings. 

You can choose to cover up to 60% of gross earnings to a maximum of £120,000 per annum.  You can influence the premium level with your choice of termination age and deferred period, from 4 weeks up to 112 weeks.

Income Protection can be particularly appropriate is you are self-employed, due to the lack of employee benefits.  A monthly income to help protect not just your mortgage but also your lifestyle – from pensions to holidays until you’re fit to return to work.

Protecting your income is more important than most people think.