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Diabetes Challenge - For a healthier YOU in 2018
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Income Protection

Income protection is important insurance to have to protect you from the consequences of being unable to work due to poor health or being made redundant.According to the Department of Work and Pensions,
7.5% of the UK working population is currently incapacitated due to disability or ill health. Income protection allows you to protect yourself and your family. Income protection will pay out about 50% of your salary to help cover essential monthly costs.

Short Term
Short term income protection is the cheaper of the two options. Short term refers to the period that benefits are paid if you fall ill. Benefits will only be paid for a period of 12 months if you remain unable to work or unemployed for longer than this you will need to find other sources of income.

Tax free benefits are payable only for 12 months and no longer
Self-employed and contract workers are eligible for cover
No premium loading on the basis of age, gender or occupation

Long Term
Long Term income protection is a more comprehensive protection than a Short Term policy. Long Term refers to the period that benefits are paid if you should you make a income protection claim. Benefits will be paid for the full period you remain unable to work due to illness, up to a specified retirement date (usually 60).


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