Protection Advice
Income Protection
Income protection insurance offers a crucial safety net by providing financial support if you’re unable to work due to illness or injury. This insurance ensures that you can meet essential financial obligations such as your mortgage, bills, utilities, and other monthly expenses, even if you’re unable to earn a regular income.
Choosing the right income protection policy requires careful consideration of factors such as your occupation, health status, and the waiting period before benefits kick in. Our expert advisors are here to guide you through these complexities, ensuring you select a policy that aligns with your unique needs and provides comprehensive coverage.
Whether you’re self-employed or working for a company, income protection insurance offers peace of mind knowing that you’re financially protected if illness or injury prevents you from working. Don’t leave your financial security to chance – talk to us today about securing the right income protection insurance for your needs.
Protection enquiries…
Here at IMS Financial we are passionate about connecting our clients with a protection that truly suits them.
- Friendly advisers with a wealth of knowledge
- Access to a wide range of products
- Trusted and stress-free financial advice
Income Protection
Depending on the policy, income protection ensures you receive financial support for a specified duration, typically until you return to work or retire. The income you can expect to receive typically ranges from half to two-thirds of your pre-tax earnings.
Income protection cover is not an ideal fit for everyone
However, income protection cover alone may not provide comprehensive protection for everyone. It specifically covers a limited range of illnesses and injuries for shorter periods. For those seeking broader coverage, combining income protection with critical illness cover can offer more extensive financial security.
Determining the right protection depends on your unique situation. At IMS Financial, our expert team specialises in evaluating individual needs to recommend the most suitable insurance solutions.
Calculating your cover
Before committing to an income protection policy, it’s crucial to determine the pay-out amount you would need if unable to work. Several factors influence your premiums, including:
- Age
- The waiting period between being unable to work and receiving pay-outs
- Your health
- Occupation
- Existing debts
- Salary
- Mortgage / Rent
- Dependents
At IMS Financial, we conduct a thorough assessment tailored to your individual circumstances. We evaluate your financial commitments, current coverage, and specific needs to ensure you receive the most suitable income protection plan.
Contact us today to discuss your options and find the right solution for you.
Our Protection Services Include
Access to a wide range of products from over 70 lenders
A family-run business offering friendly and personal advice.
IMS Financial is an appointed representative of PRIMIS
Important
For our mortgage advice services, we will charge a fee of between £0.00 and £495.00. The level of the fee will be determined by the complexity of the enquiry and the duration of research required to assess your needs and provide a suitable recommendation.
IMS Financial is a trading style of IMS (Watford) Ltd. IMS (Watford) Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers
based in the UK.