Income Protection Insurance

What is Income Protection Insurance?

Income protection insurance is designed to replace a portion of your income if you're unable to work due to illness or injury. Unlike critical illness cover, which pays a one-off lump sum, income protection provides regular monthly payments to help cover your living costs until you can return to work or reach retirement.

Key benefits of income protection:

• Covers long-term illnesses and injuries that prevent you from working.
• Pays a monthly income (typically up to 65% of your salary).
• Can continue until you’re well enough to work again or until retirement (depending on the policy).
• Suitable for self-employed individuals or those without employer sick pay.
  

How Can We Help with Income Protection Insurance?

At Moneybox Financial Management Limited, we understand the importance of financial security if you're unable to work. Here's how we help:

• Personalised Cover – We assess your needs and recommend a policy that fits your lifestyle and budget.
• Flexible Policy Options – Choose short-term or long-term cover, depending on your circumstances.
• Comparison of Insurers – We work with top providers to secure the best rates and coverage.
• Seamless Application Process – We handle all the paperwork, making it hassle-free for you.
• Peace of Mind – Ensuring you and your family are protected against unexpected financial struggles.
  

When is Income Protection Insurance a Good Idea?

Income protection is ideal if:

• You rely on your income to pay for living expenses, rent, or a mortgage.
• You are self-employed and don’t receive sick pay from an employer.
• You want to ensure you can maintain your lifestyle even if you're unable to work.
• You don’t have significant savings to cover a long period off work.
• You want a safety net in case of unexpected illness or injury.