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Income Protection

A monthly benefit if you are unable to work.

An Income Protection Policy is one of the most important insurances that you can consider, as without your income, your life style could change dramatically. What would you do if you could not work due to disability or ill health? If you had a reduced income, how would you pay your bills? Could you survive on State Benefit alone?

An Income Protection Policy is designed to protect your income if you are unable to work as a result of disability or ill health. Unlike an ASU policy which typically has a maximum term of 1 or 2 years, an Income Protection policy can have a significantly longer term, and typically upon a successful claim would pay out a monthly tax-free income after your chosen deferred period  until you either recover or reach your selected retirement age. Unlike an ASU policy, Income Protection policies typically do not protect you against redundancy.

Some of the most common conditions covered by income protection insurance are mental illnesses such as anxiety, stress or depression & back pain.

The maximum cover you can have is typically between 50-60% of your gross income, however, as the benefit  is paid tax free, you can replace a high percentage of your income in the event of long term incapacity.

Call us on 0800 024 6180 or send us an email at info@3cms.com 

3 Counties Mortgage Services Limited is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. 3 Counties Mortgage Services limited is registered in England No 04634675, registered address 46-48 Rothesay Road, Luton, Bedfordshire LU1 1QZ

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

Think carefully about securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

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