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What is Income Protection Insurance?

April 2021

It is estimated that around one million workers per year face serious illness or injury and become unable to work. This is where Income Protection Insurance can help.

Income Protection Insurance at Aston Shaw

What is Income Protection Insurance?

Income Protection Insurance provides policy holders with financial support should they become unable to work due to an accident or illness. The insurance provides a monthly income in the event of a claim, typically covering 60-65% of your monthly salary. The income is paid after an agreed deferred period has passed, which is generally 1-12 months, with payments usually continuing until you return to work, until retirement or until death.

There are also short-term options available where payments are paid for a limited period, generally spanning between 1-2 years. Alternatively, if you can only return to work part-time, most providers will continue to supplement the difference.

What are the benefits?

For any enquiries or to express interest, please contact us and one of our friendly professionals will be in touch.

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