Income protection offers peace of mind, knowing your bills will be covered even if you can't work. This allows you to focus on your recovery without the added pressure of financial worries.
Income protection goes beyond illness. Covering events such as disabilities & serious health conditions. The specific situations covered will depend on your chosen policy.
Unlike critical illness insurance with a lump sum payout, income protection provides a monthly tax free benefit to replace a portion of your income. Supporting you to ensure your regular bills, including your mortgage & utilities are still able to be paid on time.
A loss of income can significantly impact your lifestyle. Income protection helps bridge the gap, allowing you to maintain a sense of normality during a challenging period.
Income protection policies come with various options, allowing you to tailor coverage to your needs. You can choose the payout percentage, deferment period (waiting time before benefits kick in), and coverage duration.
Our knowledgeable advisors at Gloucester Mortgage Centre can help you navigate income protection options and find a plan that complements your existing financial safety net.
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