Income Protection

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Income Protection Insurance

If you're unable to work because of illness or injury, under an employers group sickness scheme (Group IPI) salary is continued but is subject to tax and NI in the usual way.

The maximum amount of income you can replace through insurance is broadly the after-tax earnings you have lost, less an adjustment for state benefits you can claim. As with all insurance, it is important that you have the right type of policy which provides all that you need it to do for you.

Long-term income repayment policies usually come into play between the time when your employer stops paying sick pay, and when you collect your pension.

Shorter-term policies tend to be used to protect a mortgage, bank loan or other payment. These usually commence within a few weeks but stop entirely after 12 months or 24 months. Short-term policies often include unemployment and redundancy, unlike longer-term income protection cover which does not .

Income Protection Insurance only applies to products which pay you an income if you become unable to work due to sickness or injury. Policies to protect mortgages, loans or credit card debts are often called Accident Sickness Unemployment (ASU) policies.

We will happily explain this in more detail to you.

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THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

Our Are Of Expertise

Scott P.

Claire and the team have been absolutely amazing from start to finish can’t thank them enough , would highly recommend

Dan B.

I can’t say enough good things about my experiences with Claire Hogg Mortgages and Protection Company!!! We have had assistance from Claire and the team across multiple properties for a number of years and from start to finish, the team have always been knowledgeable, responsive, and genuinely invested in helping us secure the best mortgage for our situation. They explain every step clearly, answer all our questions promptly, and have made the entire process smooth and stress-free. I highly recommend them to anyone looking for a trustworthy and reliable mortgage partner, there’s absolutely no need to look any further!
Thanks Claire & Team!

David B.

Can’t thank the team enough for sorting a mortgage and remortgage for me, made the process completely effortless, and will definitely be using again. I don’t often post reviews but credit where credit is due, highly recommended. Thanks

Karl K.

Highly recommend, especially as a first time buyer. They made everything seem easy. A very professional team. Informed me of everything they did. Would defo use again. Thank you.

Craig C.

Would definitely recommend this service as through our experience, they were just a call away to answer any questions we had and always put our best interests first. They kept us at ease as we were very nervous going through the house buying process but they always up to date and explained everything very well.

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