Important Facts

Income protection is widely recognised as the most comprehensive income cover available. It is designed to provide an income if you are unable to work due to accident, sickness or injury for a specified term or even up until your retirement.

The insurer will assess your health and occupation, clarifying any exclusions before the start of your cover. Understanding what you are and are not covered for provides greater assurance that the policy will pay out when you really need it.

No automatic exclusions – Most insurers remove their general exclusions. This means there aren’t any hidden medical conditions in the small print that they will not cover.

Flexibility – You can choose when you would need the income to start, how long the income should last, and when the cover should end. In addition, you have the option of fixed or reviewable premiums, level or inflation linked income.

It is vital to note that Income Protection is based on your occupational class and the ability to perform your daily duties. For example, if you are a deep sea fisherman, you have a more risky occupation than, let’s say, a receptionist. Therefore, it is highly important that your occupational class is correctly noted as this will affect you in the event of a claim.