Our ability to work is very much dependent on our health - but all too often this is something that we can all tend to take for granted. Most of us will be able to meet our financial obligations for a few months, but a longer term incapacity can have a significant impact on our ability to meet the costs of daily living and meet mortgage, credit card or other loan repayments.
An income protection insurance is designed to provide you with a continued percentage of your pre-incapacity income after an initial period, typically 3-6 months. Such cover can be vital if you are self-employed or if your employer does not have, or give you access to, a company scheme.
In addition to the actual payment, the insurer can provide valuable support and services to help you get back to work as quickly as practical. Through their sophisticated claims management and early intervention processes, insurers can even arrange for specialist treatment and support even before a claim becomes eligible for payment, and potentially even from initial notification.
We can explain the different options and costs, independently select a suitable solution from the market, and provide you with our written recommendations. We can then assist you with the application process, facilitate any necessary medical or financial underwriting, and ensure that correct policy documentation is provided to you.
In2Matrix (UK) Limited is an appointed representative of In2Planning Limited, registered in Scotland, registration number No SC181076. Registered office - 36 Church Street, Inverness, IV1 1EH.
Authorised and regulated by the Financial Conduct Authority. FCA 456198