Income Protection

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Income Protection Insurance

If you're unable to work because of illness or injury, under an employers group sickness scheme (Group IPI) salary is continued but is subject to tax and NI in the usual way.

The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.

Long-term income repayment policies usually come into play between the time when your employer stops paying sick pay, and when you collect your pension.

Shorter-term policies tend to be used to protect a mortgage, bank loan or other payment. These usually commence within a few weeks but stop entirely after 12 months or 24 months. Short-term policies often include unemployment and redundancy, unlike longer-term income protection cover which does not .

Income Protection Insurance only applies to products which pay you an income if you become unable to work due to sickness or injury. Policies to protect mortgages, loans or credit card debts are often called Accident Sickness Unemployment (ASU) policies.

We will happily explain this in more detail to you.

THERE ARE OTHER PROVIDERS OF PAYMENT PROTECTION INSURANCE [Short-Term Income Protection] AND OTHER PRODUCTS DESIGNED TO PROTECT YOU AGAINST LOSS OF INCOME. FOR IMPARTIAL INFORMATION ABOUT INSURANCE, PLEASE VISIT THE WEBSITE AT www.moneyhelper.org.uk.

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As ever Tina has provided us with timely, professional advice.

She always goes the extra mile and makes herself available even when shes's o holiday!

Mr. N. & Mrs. J S.

Fantastic advice ad service received!

Tina is extremely knowaledgeable and helped me navigate through the difficult re-mortgage process. I would highly recommand CFC to anyone seeking professional advice & assistance in House matters.

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We just want to say a massing thank you for all that you have done for us. From the very beginning, you have been very professional friendly and took the time to answer any questions that we have had. When our first purchase fell through you were very empathetic and explained our options to us clearly and now we have our dream home. We have already recommended your services to other and will definitely contact you again in the future. All the best, Billy + Drew.

Mr B Sayer & Mr D Turner

We are extremely grateful to Tina and her team for their professionalism, helpfulness, kindness and continued support. We have used Tina since the beginning and would always recommend to others. We are always at ease and anything that we are unsure with we know that they will always happily explain to us until we are happy. They are always so polite with a smile and just do an amazing job and we wouldn't have our mortgage without Tina and the team. We ar really grateful so thank you.

Jenna Umney

Tina & Claire are great !! Tina is my go-to person for mortgage advice, and Claire continues the great service chasing everyone and ensuring the mortgage goes through smoothly.

Thank you again!

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