What is it?
An Income Protection Plan is designed to pay out a regular income in the event of becoming unable to work due to an accident or illness. These types of plan continue to pay out an income for as long as you are unable to return to work, up until the end date of the policy (typically your retirement age).
Who is it for?
This type of plan is designed for anyone working (employed or self-employed). It is worth pointing out that even if your employer provides sick pay it is unlikely to last for longer that 12 months and so ongoing protection is essential. These plans can be adapted to fit in with any existing protection already in place. At Mortgage Store we can help you find the right plan that best meets your requirements.