Most of us insure our cars, homes and even our pets, but many forget about the biggest risk which is loss of income through accident sickness or redundancy.

If you lose your income, how long could you survive on your savings?

Even when you are sick, you still need to pay your normal expenditure such as the mortgage or rent.

If you suffer sickness or injury that prevents you from working, income protection cover will begin to pay a monthly benefit after your chosen deferred period either until the policy ends or you return to work.

Types of Cover

Short Term Income Protection

Short Term Income Protection replaces a percentage of your income for up to 12 or 24 months should you be unable to work due to sickness or forced unemployment.

Long Term Income Protection

Long Term Income Protection is designed to replace a percentage of your gross monthly income right up to retirement should you be unable to work due to illness or injury

It is possible to insure up to 70% of your gross (pre-tax) earnings for anything from 5 years to the normal retirement age with deferred periods ranging from 1 month to 12 months

Choosing cover is complex as there are so many variations of theses products. It can be confusing knowing which one best suits your circumstances. Merdon Financial will guide you through the options ensuring you have the appropriate cover in place that will protect your lifestyle.