Income protection can cover up to a maximum of 75% of income, less state benefit and other income protection policies in place. A lower more cost-effective level of cover is also an option, based on affordability.
What is Income Protection?
Income Protection provides a monthly payment if you cannot work through illness or injury. It is very broad cover covering serious illness, physical injury and mental illness.
​​
​
A meeting is arranged with the client to explain how income protection works. ï‚· A full fact find is carried out (including income and expenditure) to determine what level of income protection is needed.
​
Application Procedure
​
An information brochure is sent to the client along with a document that explains the terms of business.
The income protection application is completed and sent to the insurance company and a statement to explain why the product is the most suitable is sent to the client.
​
Policy set up and rollout
-
The insurance company sets up the policy for the client and documentation confirming details of the protection policy is sent to them including the terms and conditions, cost, duration etc.
-
The client gets online account access which gives the policy details, or they can speak directly with us if they have any questions.
-
Annual statements are sent to the client as well as any changes to the policy
-
The client can contact the broker or insurance company directly if they need
to make a claim
​
​
​
