UK Income Protection

This is an insurance policy taken out to provide you with an income should you become unemployed, experience an accident, sickness, disability or injury.

As with most policies, premiums are usually paid monthly. Income Protection is made available to employed, self employed and contract workers.
Before an insurer agrees to offer you a plan they will need to know, the type of occupation you have, your age, gender, how much cover you require and they will want to know if you are a smoker or not.
A Deferred period will be agreed upon, a deferred period is the length of time you are rendered unfit for work before you begin to receive benefit. The longer the deferred period the lower your premium payments will be.
Income Protection could ensure bills get paid even though you are temporarily unable to work.

Typical, variable APR is 10.9%. Rates range from 7.7% to 18.3%
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP MORTGAGE OR DEBT REPAYMENTS SECURED ON IT
THINK CAREFULLY BEFORE SECURING ANY OTHER DEBT ON YOUR HOME. NON PAYMENT OF ANY LOAN CAN AFFECT YOUR CREDIT RATING

Every effort has been made to ensure that the facts here are correct. No liability is accepted for any errors contained herein or for any loss resulting from actions taken.