ASK YOURSELF

1. What if you suffer from a long term sickness or disability that prevents you from working ?

2. How long would your finances last ?

3. How long would your employer continue to pay you ?

4. How soon would you have to rely on State Benefits ?

Long Term Income Protection is designed to provide a monthly income if you become sick with an illness that may not be 'critical'  but is severe enough to stop you from going to work for a long period of time. Examples are back problems or stress related illnesses, although the conditions covered will vary from policy to policy.

 If you fall ill or have an accident and are unable to work, the sudden loss of income could be devastating. Even if you do not have an income but look after your home and children, it would be very expensive to replace the work you do.
The working world has changed dramatically in recent years. One thing remains constant however; the need to work to pay bills and to enjoy your life. Bills/expenses do not cease even if you are very sick.

Such policies, sourced  through Proud Independent Mortgage Services Ltd, are designed to insure a significant percentage of your overall gross income (typical cover is up to 60% of your earned income). The benefits are payable following a pre-arranged waiting period and are usually free of income tax. Such payments will continue until you are either well enough to return to work or you have reached your stated retirement age.