Income Protection

Income Protection Insurance is an insurance product that protects your income in the event of you being unable to work through accident or sickness.

What does Income Protection consist of?

Income Protection Insurance is an insurance product that protects your income in the event of you being unable to work through accident or sickness.

It pays out until you die, retires, returns to work or reaches the end of the agreed policy term.

As with many other insurance products, Income Protection policies come in all shapes and sizes and it is important that you find the right policy for you. Different providers have different criteria for the type of accident or sickness their policies will cover.

Policies payout after you have been off work for a period of time known as the ‘deferred period’, and will continue to pay out until you can get back to work or until the end of the policy term, whichever is soonest.

You can choose a deferred period from 1 day up to a year, depending on how long you may be able to survive on any savings or how long you receive sick pay from your employer.

Take a look at our income protection brokers...

We’ve covered the basis of income protection insurance above, but in order to fully understand the ins and outs, and locate the appropriate policy for you – speak to one of our advisers.

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For further information, or if you would like to discuss your requirements, please fill out the contact form. A member of our team will contact you as soon as possible.

Yorkshire Financial Consultancy, 37 Commercial Street, Morley, Leeds, LS27 8HN

0113 2380 550

Yorkshire Financial Consultancy, 40 Lowther Street, Carlisle, CA3 8DH

0122 8210 022

Yorkshire Financial Consultancy, 10 West Over Road, Scarborough, YO12 5AA

07939 509 187

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Yorkshire Financial Consultancy Limited is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

In general, Buy to Let mortgages are not regulated by the Financial Conduct Authority.

Your property may be repossessed if you do not keep up repayments on your mortgage.

A mortgage fee payable is dependent on the complexity of the case and will be agreed at the outset. A fee of up to 1% of the loan amount is payable, for example on a £100,000 mortgage a 1% fee would equate to £1,000. A typical fee is £299 and is payable at the outset or on the issue of an offer of the mortgage.