Income Protection Insurance &2014

Have you ever given much thought to how you and your family may be affected financially if you had an illness or accident so serious that it prevented you from working for a few weeks, months or even stopped you ever working again? The repercussions could be devastating.
For instance, you may loose your home because you were unable to keep up the repayments on your mortgage. You could loose your car because you could not meet the hire purchase repayments. You could go into arrears with your utility bills and may need to cut back on your weekly food shopping. Not a very nice position for your family to find themselves in.
Thousands of people a year suffer serious illness or have an unexpected accident. How many of them felt that such a thing would never happen to them? The majority – probably.
However, there is something that you may be able to do to avoid the financial strain that one of the above events could place on you and your family. You could look into taking out income protection insurance.
Income protection insurance is a policy that will provide you with a regular income in the event of you being unable to work through accident or illness after a certain waiting period. It will pay out until you either return to work, reach a selected date in the future such as your expected retirement date or until you die whichever comes sooner. The maximum amount that is normally paid out can vary between 50% to 66% of your gross annual income but it is paid tax-free under current legislation. On top of that you may be able to claim certain state benefit(s).
Quite simply, your decision whether to take out income protection insurance, could be the difference between continuing to provide your family with a reasonable standard of living or not.
Through this website it is possible to obtain quotations for income protection insurance and it will only take a few minutes of your time. There are many insurance companies that provide income protection cover so you may wish to seek independent financial advice
- See more at: http://www.lifequoter.com/income-protection.php#sthash.qZMpbOFw.dpuf

 Income Protection Insurance &2014

Have you ever given much thought to how you and your family may be affected financially if you had an illness or accident so serious that it prevented you from working for a few weeks, months or even stopped you ever working again? The repercussions could be devastating.

For instance, you may loose your home because you were unable to keep up the repayments on your mortgage. You could loose your car because you could not meet the hire purchase repayments. You could go into arrears with your utility bills and may need to cut back on your weekly food shopping. Not a very nice position for your family to find themselves in.

Protect Your Income TodayThousands of people a year suffer serious illness or have an unexpected accident. How many of them felt that such a thing would never happen to them? The majority – probably.

However, there is something that you may be able to do to avoid the financial strain that one of the above events could place on you and your family. You could look into taking out income protection insurance.

Income protection insurance is a policy that will provide you with a regular income in the event of you being unable to work through accident or illness after a certain waiting period. It will pay out until you either return to work, reach a selected date in the future such as your expected retirement date or until you die whichever comes sooner. The maximum amount that is normally paid out can vary between 50% to 66% of your gross annual income but it is paid tax-free under current legislation. On top of that you may be able to claim certain state benefit(s).

Quite simply, your decision whether to take out income protection insurance, could be the difference between continuing to provide your family with a reasonable standard of living or not.

Through this website it is possible to obtain quotations for income protection insurance and it will only take a few minutes of your time. There are many insurance companies that provide income protection cover so you may wish to seek independent financial advice