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Sheila
Tarr
Independent
Financial Services |
Protection: Income Protection | |
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Income Protection Cover is a long term policy that provides cover for health related work absence and not redundancy. In the event of such absence, you will receive a tax-free monthly income that will be payable until your desired retirement age or until a set date. Income Protection Policies can be claimed on multiple times (even for the same illness/disability) and if you return to work at a lower salary following incapacity, you can claim a proportional amount of the policy.
Income Protection Insurance is often mistaken for ASU (Accident, Sickness and Unemployment) Cover. Income Protection provides long term protection of income for illness or disability, whereas ASU provides short term cover for illness, disability and redundancy. Income protection insurance pays out a regular tax free income if you're unable to work because of illness or injury. FACT - Over 1.65 million people will be off work at any one time through sickness and disability and will have been off work for at least 6 months. |
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Your home may be repossessed if you do not keep up repayments on your mortgage. Your investment may go down as well as up, you may not get back the full amount invested. Past performance is not a guide to future performance
Sheila Tarr Ltd is Authorised and Regulated by the Financial Services Authority |
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