Choose Howden Life & Health for your Income Protection

Income protection is designed to replace or supplement your income in the event that you are unable to work. Insurance can be taken out to cover accidents, sickness and is intended to provide short term cover ranging from 12 to 24 months or up until retirement on long term accident & sickness cover, depending on the policy.

Common reasons for taking out income protection include protecting mortgage or loan payments whilst ensuring you are able to maintain your lifestyle and can continue to financially support your family and loved ones.

An introduction to Income Protection. What are the different types of income protection?

There are two types of income protection available to people: Accident, sickness and unemployment insurance and long term income protection. Both look to pay you a regular income until either you go back to work, or the policy term ends.

Accident, Sickness and Unemployment Insurance

Other words that are used to describe this type of policy include mortgage payment insurance, payment protection insurance and short term-income protection. This type of policy is usually brought to cover something specific e.g. a mortgage.

Long Term Income Protection

Long term income protection will provide you with a steady and regular income until you are fit for work, or until the policy term ends. When thinking about income protection (IP) it's always best to get advice and understand the options available to you.

Long term or short term?

When deciding and comparing income protection cover, you’ll need to choose between long term income protection and short term income insurance.

Income protection policies are designed to help you through tough times and provide you with a buffer to help you with your monthly outgoings.

Customise your quote

When thinking about the long term and short term income protection insurance, you can tailor your quote by looking at certain criteria such as:

• The length of term you would like income protection insurance to cover.
• The amount of annual or monthly salary protection you need.
• Thinking about what you'd like the income payment protection to protect: your mortgage, lifestyle, bills etc.

Cost of Income Protection policy premiums

Cost of monthly income protection premiums will vary depending on certain factors such as your age. The younger you are the less likely it is you will have any pre-existing medical conditions, so your premiums will be lower.

Your job could also be a factor. An income protection cover quote will be less expensive for an office worker than they would for someone with a more dangerous occupation. Smoking is often a reason the cost of your cover could be higher.

Compare Income Protection quotes

Choosing the right income cover insurance is essential. Step one is to work out how much salary protection you will need to ensure your priority outgoings, such as your mortgage, are paid.

Do not be governed on the cheapest price. Sometimes the cheapest income protection cover will not be the best option for you. Paying extra could make all the difference to you financially in the long term. The last thing you want is to be left short when you make a claim.

Our income protection insurance experts have a great deal of knowledge and experience and will help find you the best policy available for your circumstances.

Give our income protection insurance team a call now.

Secure your policy in 4 simple steps

There are simply four steps to set up unemployment cover or income protection insurance online: