Income Protection health insurance

When taking out a mortgage, you should review your Income Protection insurance arrangements.

mortgageforce™ can offer you comprehensive and competitive insurance so that you can be sure you’re always adequately covered.

The chances of finding yourself out of work due to long-term illness are unfortunately all too high. In this situation, Income Protection cover can help you replace the lost income by paying out a regular income benefit to help replace lost earnings and/or it can pay a regular pension contribution protection benefit.

Whether you're employed or self-employed, Income Protection insurance can provide support and help you maintain your standard of living for as long as it takes to get fit enough to go back to work.

When you're setting up your plan, you simply have to work out how much you would need to cover your living expenses.

You need to decide when you want the income benefit payments to start. There will be a period when you’re first unable to work for which the insurers don’t pay benefit. This is called the ‘deferred period’. You choose between 4, 13, 26 and 52 weeks. The longer the deferred period the cheaper your plan will be.

You can choose to receive income, or continue your pension contributions, or a combination of both. It’s entirely up to you. Your cover will be based on what you were earning in the 52 weeks before you became ill and were unable to work.

The premium quoted is an estimate only and the actual premium will depend on individual circumstances.