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Protecting your income

Protecting your income and financial security is essential for anyone, especially in the UK. There are various insurance options available that offer valuable benefits:

  • Family Income Benefit (FIB) is a life insurance policy that pays a regular, tax-free income to your family if you pass away during the policy term. Instead of a lump sum, it provides ongoing financial support, covering living expenses, mortgage or rent payments, and other needs. FIB offers peace of mind, knowing your loved ones will have reliable financial help even when you're not there.

    With FIB, you can choose the income amount and policy term that best fits your family's needs and budget. It's a flexible and affordable way to protect your family's financial future.

  • Mortgage Payment Protection Insurance (MPPI): MPPI specifically covers your mortgage repayments and related costs in case of accidents, sickness, or redundancy. It ensures your home is protected when facing unexpected challenges.

  • Payment Protection Insurance (PPI): PPI covers various loans, such as personal loans, credit cards, and car loans, providing support if you can't make repayments due to unforeseen circumstances.

  • Accident, Sickness, and Unemployment (ASU) Insurance: ASU insurance is a comprehensive option that covers accidents, sickness, and unemployment. It offers financial support during job loss or health issues.

  • Income Protection insurance comes in two main types: full Income Protection and budget Income Protection.

    1. Full Income Protection: Comprehensive coverage with a tax-free monthly income if you can't work due to illness, injury, or accidents. It helps maintain your lifestyle and covers essential expenses during tough times.

    2. Budget Income Protection: An affordable option that provides essential coverage for unexpected disruptions, ensuring you have a safety net when you need it most.

    Both options offer peace of mind and financial security for you and your loved ones. Seeking advice from experts can help you choose the best Income Protection for your needs.

These insurance policies offer peace of mind, ensuring you and your family have the necessary financial protection during tough times. Seeking advice from professionals like Austin Friars can help you choose the right policies tailored to your needs, providing comprehensive coverage and financial security.