Income Protection Insurance

Income protection insurance (IPI) is an essential insurance for most individuals, but few people realise this until it is too late.

Nowadays most people are able to take out income protection insurance, which will pay out a regular tax-free income if they are unable to work as a result of long-term sickness or disability. We believe that this type of plan is an essential cornerstone of most people’s financial planning.

Income protection insurance is also known by names like ‘income replacement insurance’ and ‘permanent health insurance’. However, care should be taken not confuse it with payment protection insurance (PPI), which is significantly different.

A little knowledge can certainly be a dangerous thing with income protection insurance, and even those who pride themselves on being ‘clued up’ should be aware that this market is subject to constant change in terms of the innovative new products that are being launched. We believe that seeking appropriate advice from experts like ourselves is essential and will in the long term prove the most cost-effective and safest route.