Income Protection

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

What is it?

An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age). 

This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.

 

Who is it for?

This type of plan is designed for anyone whom is working (employed or self employed). It’s worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. As Independent Financial Advisors we can help you find the plan that best meets your requirements.

 

The plan will have no cash value at any time, and will cease at the end of the term. If premium are not maintained, then cover then cover will lapse.

Copyright © 2024 Heritage Financial Solutions. All Rights Reserved

Heritage Financial Solutions is the trading name of Heritage Business Solutions Limited, who is an appointed representative of In Partnership, the trading name of The On-Line Partnership Limited, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: 5th Floor, Intergen House, 65-67 Western Road, Hove, East Sussex, BN3 2JQ Company Reg. In England and Wales No. 5633300

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

To view our Privacy Statement, please click here.

To view our Terms of Use, please click here.

To view our Complaints Brochure, please click here.

To view our Client agreement, please click here.

To view our Services and Fees, please click here.

To view our Equity Release Services and Fees, please click here.

Approved by In Partnership FRN 192638-April 2024