Income protection advice.

Have ever thought about how you would continue to make ends meet if you were unable to work?

About income protection.

Most employer’s cannot afford to provide their employees with generous, long term cover in the event of illness; especially in today’s economic climate. And with state benefits being cut and with more stringent assessments, you can no longer rely on the state should the worse happen. Income protection is a form of personal sick pay that is designed to offer cover for the long term (normally until your intended retirement date). It is designed to pay you a tax free monthly benefit in the event of you suffering from an illness or injury.

Is income protection expensive?

The cost of income protection premiums are based on a few factors. The first one being your age, the younger you are when you take out a policy, the cheaper the policy is likely to be; this is due to the fact that as your age increases, so do your chances of suffering an illness. Moreover, your type of employment is a key component of calculating the cost because lenders will deem a job such as a construction worker more dangerous than a receptionist. Finally, If you have any existing medical conditions, then this will also affect lenders’ decision making. It’s important to ensure you have the cover to properly cover your circumstances, you can seek advice from a member of our team today!

Important things to consider before choosing your broker.

Why not speak to a few financial advisers to see how they shape up? We have put together a checklist to help you with your decision…

What now? Speak to an adviser.

If you speak to one of our advisers, they can develop a bespoke mortgage
quotation for you based on results from over 50 lenders.

Our protection adviser checklist.

Why not speak to a few financial advisers to see how they shape up? We have put together a checklist to help you with your decision…

Competitor

Are they whole of market (independent) ?

Do they offer an initial consultation without charge?

Do they offer full advice and recommendation service?

Do they have a detailed and documented advice process?

Do they have a client charter and set of service standards?

Are all fees fair and transparent and agreed before proceeding?

Are they able to accommodate your preferred meeting times?

Do they have professional and private offices for meetings?

Are they able to demonstrate a consistent pattern of satisfied clients?