Income Protection pays out a regular tax-free income if you suffer from an illness or accidental injury and are unable to work, leading to a loss of earnings during the cover term.
Yes — It doesn’t matter whether or not you have children or other dependants – if illness would mean you couldn’t pay the bills, you should consider income protection insurance.
The cost of Income Protection depends on your age and your circumstances, it takes into account things like job, whether you smoke or have previously, percent of income you'd like to cover, the waiting period before the payouts start, the range of illnesses/injuries cover and your health history.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Registered in England and Wales. Tyneside Mortgage Advice Centre Ltd is an appointed representative of PRIMIS Mortgage Network, a trading Name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Registered Office Address" 23 Beaumont Drive, Whitley Bay, England, NE25 9UT. Registration Number: 04522811. Trading Address: 23 Beaumont Drive, Whitley Bay, England, NE25 9UT. We will charge a fee of between 0% and 0.3% of the mortgage advance. A fee of 0.3% on a mortgage of £100,000 would mean a fee of £300. The minimum fee we will charge will be £0. The maximum fee will be £395.
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