Many insurance policies protect the families of the policy holder in the case of the policyholders death. However some have the requirements of finding a policy that will provide an income in the case of the policy holder being unable to work due to sickness or an accident at work.

Income Protection Insurance is an insurance policy that will do just that. This type of policy will pay a monthly income that is based on the income you were earning while working. There are a number of options available with this type of policy including being able to select the level of benefit you receive, subject to maximums, and how this will be paid. In addition to this you will be able to control how long the benefit will be paid for, if it increases each year, how long after unemployment it takes before it starts paying and a number of other features. This type of policy will replace a part of your income and will usually carry on paying until you return to work, retire or the policy ends.

When considering this policy type and the number of options available it may be wise to seek advice. Allow TISCO to advice and guide you through this process. Please feel free to contact us at our St Albans office on 01727 734040 or alternatively fill out the contact form on the contact us page and one of our advisers will get back to you at a time to suit you.