What is income protection insurance?
Endsleigh.co.uk offer an array of insurance covers, one of which includes income protection insurance.
Income protection insurance comes in the form of a cover that protects you against the loss of income. It also offers those that invest in it with a financial peace of mind.
Endsleigh.co.uk offer income protection insurance that can be paid for with tax-free monthly payments.
They also provide those that purchase such a cover with back to work support.
Income protection insurance has been designed to provide those that work with support when they are unable to work. This could be due to an injury, an illness or any other emergency that may prevent someone from working.
If you have to claim, the insurance company will provide the policyholder with a tax-free monthly payment. This payment will be paid out until the policyholder is able to return to work or alternatively until the policy has run its cause.
This money can be used to protect any financial commitments. These could include the likes of rent, mortgage repayments, day-to-day living costs, insurance policies, car repayments and any other costs that have deadlines on repayment dates.
Monthly repayments will be deposited into the policyholders account until he or she is well enough to return to work.
Those with families and also those that live alone should certainly invest in income protection insurance as both of the above will more than likely depend solely on their monthly income. In fact any one with regular monthly outgoings should most certainly invest in such an insurance cover. This will enable he or she to carry on paying all of these outgoings!
With this policy there is no limit to the number of claims, therefore if you are unable to work even after making a claim, you will still be entitled to tax-free monthly repayments.