Income Protection Insurance
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Up to 65% of your gross monthly income is protected or a maximum of £1,500 per month |
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Flexible Excess Periods enable you to choose when your benefit payments start |
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Payments made to you under the policy can last up to 12 months for any one claim |
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Help to return to work from Jobcare Back to Work Service |
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Legal Helpline to help you with redundancy matters and tax information |
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Self employed can also select Unemployment Benefit |
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The on line application process is simple and no medical is required |
Income Insurance for as little as £1.19p per month per £100 of benefit*
i:protect Lifestyle Income Protection Insurance has been designed for policyholders who need an income if they are unable to work due to accident, sickness or involuntary unemployment. We would like anyone thinking of buying this insurance to consider what would happen if they lost their income? How would you pay your mortgage and other bills? Income Insurance is the answer.
i:protect Lifestyle Income Protection Insurance comes with these great features:
- If you buy this Income Protection Insurance you can be paid up to 65% of your gross monthly income or £1,500 per month whichever is the lesser amount. It is best to consider using Lifestyle Protection Insurance to cover your:
- Mortgage or rent
- Loan repayments e.g. so you can keep your car
- Critical insurance premiums
- Credit card repayments
- Utility bills
- Food bills
- Fuel costs and more...
- The Flexible Excess Periods let you choose when your benefit payments would start. For example, you can choose your unemployment benefit to kick in after 180 days, 90 days, 60 days, 30 days or from day one (known at 'back to day one' cover). Claims are paid 30 days in arrears. For more information about excess periods please click here.
- There is no limit to the number of claims you can make in any one year. Furthermore, irrespective of the Excess Period you chose, your benefit payments can last up to 12 months in respect of any one claim. For detailed information about the i:protect claims service please click here.
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An independent Back to Work Service is provided to help you return to employment. This service is free and is delivered by employment specialists Job Care. Their advisors are available to offer you practical advice. For more information about Jobcare please click here.
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A Legal Helpline to help you with redundancy matters and tax information. For more information about the Redundancy Helpline please click here.
- If you are self employed you can have exactly the same benefits as employees including unemployment benefit provided your business has ceased to trade and this has been registered with the Inland Revenue. See Frequently Asked Questions for more information regarding self employed customers please click here.
Please click 'Get a quote' at the top of this page to obtain a quick quotation to see how little i:protect Lifestyle Income Protection Insurance could cost you.
| There are other providers of short-term Income Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk |
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Want to know more about why so many people buy this Income Protection Insurance? |
Employed and self employed people take out this insurance for at least one wage earner in each household. If the main wage earner is unable to work as a result of an accident, sickness or unemployment, many families only need enough to pay their critical bills. Without an Income Protection policy, some could manage for perhaps 3 months before their savings finally ran out. Unfortunately, this period for some can be little more than two weeks (Aviva study November 2011), particularly because family incomes have become squeezed during the current recession. However, by using this insurance as a financial safety, their family savings can be made to last much longer, perhaps over a year.
To cover the most important bills i:protect Lifestyle Income Protection Insurance is ideal especially because it is a very low cost alternative to saving up. The benefit you choose should be enough to cover your major outgoings until you get another job, even if you are out of work for several months.
Use Income Insurance as a financial safety net:
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Essential bills that must be paid: |
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| Rent or Personal Loans | £360 |
| Total minimum payments on all Credit Cards | £80 |
| Council Tax - typical band C | £110 |
| Life Insurance | £20 |
| Gas/Electric | £90 |
| Water/Waste Water | £60 |
| Phone and broadband | £40 |
| Home or Car Insurance | £40 |
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Total for an average month |
£800 |
The typical monthly premium for an i:protect customer age 30 with a full Accident Sickness and Unemployment policy selecting a 60 day excess period would be under £20. This would pay for a policy with benefits of £800 per month that pays out for up to a year. This premium can be reduced significantly by selecting a longer excess period.
You would still require some savings to fall back on to pay for other expenses, shopping, your mobile, petrol etc. However those savings would last so much longer with regular money paid to you by your policy each month TAX FREE. If you were out of work for any length of time, this insurance policy could save you from credit blacklisting and potentially calls from debt collectors or even eviction from your home due to rent arrears.
There when you need it: Back to Work Service
i:protect Lifestyle Income Protection Insurance offers you an independent and confidential assistance to return to work. The service is free (you only pay the cost of any telephone calls) and is provided by an employment specialist Jobcare Services Limited. Their advisors are available to offer you practical job seeking advice to help you find a job or to make a career change. They can also help identify suitable skills that you can exploit to focus upon alternative employment opportunities.
This service provides help to you AND your immediate family too if you wish. They provide access to the National Job Vacancy Database. Advice is available on the following topics that have been designed to find the right job:
- CV Preparation
- Letters of Application
- Sourcing Vacancies
- Interview Techniques
- Self-Employment Advice
This service is free of charge and can be used at any time during the life of your policy.
Select when you want your cover to start - simple
The flexibility of i:protect Lifestyle Income Protection Insurance enables you to choose what you want tto cover and and tailor your policy to pay you when you need it. This cover is very easy to select and is supported by a straightforward on-line process. With instant quotations you can quickly see how much different cover options cost with a straightforward on-line application process.
Why not get a quote right now, it is easy, you choose how much cover and decide if the premium is good value.
And finally, if you are switching your Income Protection Insurance from another provider to take advantage of i:protect's low on-line rates, we have a special Free-to-Switch process. This enables you to keep all of your existing insurance arrangements in place until i:protect write to you to confirm your new policy is in force. This process is designed to avoid the potential for you to accidentally create a gap in your cover.
If you have an existing policy and would like to know more about i:protect Free to Switch - an easy and risk free process to save money by transferring your cover to i:protect - please click on this link to find out more to i:protect Free to Switch
*Accident Sickness cover, benefit payable after 180 days deferment period, for a 25 year old, premium only £9.98 per month for a monthly benefit payment of £840 (Monthly cost for every £100 of monthly benefit £1.19)