Income Protection
Ensure your earnings are secure, even when life takes an unexpected turn. Our Income Protection plans provide the safety net you need to maintain your lifestyle and obligations.
Protect Your Income with Expert Guidance
Income protection insurance is designed to provide financial security if you are unable to work due to illness or injury. Losing your income can have a serious impact on your lifestyle, making it difficult to cover everyday expenses and financial commitments. This insurance ensures you receive a regular monthly payout, allowing you to focus on recovery without the added stress of lost earnings.
With this type of cover, you can receive a guaranteed monthly benefit if you are unable to work due to incapacity caused by illness or injury. The policy offers flexibility, allowing you to adjust the benefit amount if your circumstances change, subject to eligibility. Additionally, you can access rehabilitation support services to assist with returning to work when you’re ready.
Income protection insurance also includes extra support services, such as wellbeing assistance through registered nurses, offering guidance and advice over the phone. A care service is also available, providing impartial and confidential advice to help you or your loved ones navigate later-life care options. With fixed premiums unless you modify your plan, this cover is designed to offer stability and long-term protection.
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Our Income Protection Services
Fennel Financial offers a comprehensive range of Income Protection services designed to protect your income and financial future.
Comprehensive Coverage
Our plans offer extensive coverage options to ensure all aspects of your financial life are protected.
Tailored Solutions
We customise each Income Protection plan to align with your specific financial needs and goals.
Why Choose Fennel Financial for Income Protection
Partnering with Fennel Financial ensures you receive expert advice and personalised Income Protection solutions that align with your unique financial situation.
Expertise in high-net-worth financial planning
Access to a wide range of UK providers
Dedicated support through the entire application process
Understanding Income Protection
Income protection insurance is a policy that pays out a regular monthly benefit if you are unable to work due to an illness or injury. Payments begin after a waiting period, which can be 4, 8, 13, 26, or 52 weeks, depending on your chosen policy. These payouts continue until you are able to return to work or until your policy term ends.
The policy can cover up to 60% of your gross annual income, up to a maximum of £60,000 per year. For any earnings above this amount, the cover extends to 50%. If you need to make a claim, your income before you became unwell or injured will be used to calculate your monthly benefit.
Payouts from an income protection policy are tax-free, though they may impact eligibility for certain state benefits. Cover can last until you reach your 70th birthday or until your selected retirement age if earlier. This insurance provides a crucial financial safety net, ensuring you can manage your expenses and maintain financial stability if you are unable to work.
Book an appointmentFrequently Asked Questions about Income Protection
Here are some common questions our clients ask about Income Protection.
Income Protection insurance provides you with a regular income if you’re unable to work due to illness or injury, helping you meet your financial obligations during tough times.
Unlike life insurance, which pays out on death, or critical illness cover, which pays out on diagnosis of a specific condition, Income Protection provides ongoing financial support if you’re unable to work due to any illness or injury.
The amount of coverage depends on your income, expenses, and financial commitments. Fennel Financial can help you determine the appropriate level of coverage based on your specific situation.
Factors include your age, occupation, health status, the amount of coverage, benefit period, and waiting period before benefits begin.
Yes, policies can be tailored to fit your specific needs, including choosing the coverage amount, benefit period, and waiting period that best suits your financial situation.
Simply contact our team to book an appointment. We’ll guide you through the application process, helping you choose the best policy and assisting with the necessary paperwork.
Still have Questions?
Use the links below to get in touch with the Fennel team
