Income Protection

The two main types of cover are:

• Long-term
  This can last up until retirement, depending on timing and the nature of the policy.
• Short-term
  (normally AS Insurance) This protects you in the event of an accident, injury, or relatively short-term sickness. It provides short-term cover from one to two years. You may be more likely to take out this type of cover if you wish to keep Mortgage or rent payments safe, whilst maintaining the current lifestyle you and your family have.

With both types of cover, a percentage of your gross salary will be paid to you over a longer term. Consequently, this eliminates the stress of seeking financial aid in the form of state benefits. Over a fixed amount of time a fixed, tax-free income will be provided ensuring all financial commitments are maintained.