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Income Protection

income-protection-keighleyProtection your future is essential. What would you do if you fell ill, or had an accidental injury and were unable to work?

Airedale Commercial Finance can look after all your protection needs making sure you continue to maintain your standard of living.

What is Income Protection ?

Income Protection provides a monthly benefit that is tax free, should you be unable to work due to incapacity caused by illness or injury resulting in loss of earnings.

The policy will continue to pay a monthly benefit as long as you are incapacitated and unable to return to work, suffer a loss of earnings or the policy ends.

Who is the Policy for ?

This policy is designed for anyone who is working as employed or self employed. If you are employed your employer is legally obliged to provide sick pay for up to 28 weeks. The policy will pay a proportion of your lost earnings which is usually 60% of your gross earnings.

What are the Benefits

The benefits, which can be level or inflation-linked, start after a ‘ ‘deferred’(waiting) period, which is set when the policy is taken out. This can range from four weeks to 52 weeks.

Typically, the longer the deferred period, the cheaper the policy. The cost of policies is also determined by your general state of health, age, occupation and the level of income required.
If you want security for your family and looking to speaking to someone do not hesitate to call 01535 340010 for a free no obligation discussion on all your protection needs or alternatively fill in the enquiry form below and we will be in touch.

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