We all worry about what would happen to our family, our home, if we were unable to work: accidents and illness could befall at any time. With Income Protection, however, you can be prepared for any eventuality.
What is income protection?
If you are unable to work due to illness or injury, Income Protection ensures that up to 70% of your lost earnings will be covered, paying out a tax-free income for the duration of your incapacity until either you return to work or the policy ends at retirement age.
This policy is a great comfort should the unforeseeable occur, providing a regular income that ensures your monthly outgoings and financial obligations are met, meaning your mortgage and way of life is not at risk.
I work part time, can I still apply?
Anyone can benefit from Income Protection, whether in full- or part-time employment. Your entitlement to and provision of sick pay varies with your employer, so knowing you have added protection when you need it can be a great relief.
I am self employed, is it for me?
Income Protection is highly recommended for those who are self-employed, as you cannot provide sick pay to yourself! If you cannot work, you cannot earn; therefore, an Income Protection policy is essential.
Income Protection cover can be adjusted to meet your individual needs or to become compatible with any existing policies you have purchased. To discuss the different types of Income Protection cover available or learn how a policy can benefit you, give Renshaw Mortgage Solutions a call now.
Ready to chat to our advisors?
Talk to us today to discuss your protection needs. Fill in the form below and a member of our team will get back to you as soon as possible, or call 01773 861050 right now.
A selection of the lenders we work with include:
When you have questions, we have the answers.
At Renshaw Mortgage Solutions we understand that finding the right product for your individual needs can be daunting and confusing, particularly if you are looking for your first property or moving home.
Just leave the work to us. Whatever your requirements, we can guide you knowledgeably and confidently through every step of the process and recommend only the options that are most suitable to your needs. Whether you are looking to see how much you can borrow or need to check an interest rate amount, we’ll help you with finding some of the best deals. We offer a whole variety of Nottingham mortgage services, and initial financial advice is free!
Contact Renshaw Mortgage Solutions
Renshaw Mortgage Solutions Ltd,
25 Main Road,
Jacksdale,
Nottingham,
NG16 5JU