top of page

income protection insurance advice

Income protection insurance in Birmingham, UK, provides financial support if you are unable to work due to illness or injury. It can help you maintain your standard of living by replacing a portion of your lost income.

income protection advice in birmingham

Income Protection insurance provides financial support if illness or disability prevents you from working. It pays out a regular income until you can return to work or retire.

​

Income Protection covers various illnesses and disabilities, with the expectation that you’ll eventually return to work. If you can’t return to work, the insurance will end when you reach retirement age. The policy can pay out multiple times, but there’s a cap based on your salary.

​

You'll also need to set a deferred period, which is the time you’ll wait before the policy starts paying out. During this period, you'll rely on your savings, employee sick pay, or other sources of income. Shorter deferred periods mean higher premiums.

​

Since no two policies are the same, our role as protection and mortgage advisors in Birmingham is to recommend the right policy for you and ensure it meets your specific needs for Income Protection insurance.

Even if you’ve never needed to claim on insurance before, having Income Protection in place can provide peace of mind in case your circumstances change. If you’re unsure whether Income Protection would benefit your situation, contact us for a free insurance review in Birmingham.

​

You might already have Income Protection through your employer, as many companies include this in their employee benefits package. Check your employment contract for details on any insurance policies your company offers.

If you have other types of insurance, like Critical Illness cover, you might already be protected. However, Critical Illness insurance focuses on long-term conditions that prevent you from working permanently, so it’s still worth considering Income Protection for short-term illnesses.

​

Some people choose to rely on savings instead of Income Protection. If you prefer this route, make sure your savings are sufficient to cover living costs for the time you need off work, and consider whether you have extra savings for emergencies.

​

Before purchasing Income Protection, we recommend speaking with a qualified protection advisor in Birmingham. Our team, including mortgage brokers, will assess your personal and financial situation and help you find the most suitable insurance product for your needs.

Do I need income protection?

Is it worth speaking to an Income Protection advisor in Birmingham?

We offer a free insurance review with a protection advisors to help you determine if Income Protection is the right choice for you. We’ll review your personal and financial situation, taking into account your lifestyle, age, and medical history to recommend the best policy for your needs.

​

Income Protection can be costly, especially since it can pay out multiple times. If you have other insurance policies, it’s wise to calculate the total costs and coverage to avoid duplication.

​

When you take out a policy, it’s important to understand what it covers and any associated conditions. Our Protection Advisor in Birmingham will guide you through these details to ensure you’re fully informed.

bottom of page