Our Approach

Income Protection

"Income protection insurance aims to put you back to the position you were in before you were unable to work."

Protecting your income should be taken very seriously, given the limited government support available. How would you pay the bills if you were sick or injured and couldn't work? Income protection insurance, formerly known as 'permanent health insurance', is a financial safety net designed to help protect you, your family and your lifestyle in the event that you cannot work and cope financially due to an illness or accidental injury preventing you from working.

Without a regular income, you may find it a struggle financially, even if you were ill for only a short period, and you could end up using your savings to pay the bills. In the event that you suffered from a serious illness, medical condition or accident, you could even find that you are never able to return to work. Few of us could cope financially if we were off work for more than six to nine months. Income protection insurance provides a tax-free monthly income for as long as required, up to retirement age, should you be unable to work due to long-term sickness or injury.

By law, your employer must pay most employees statutory sick pay for up to 28 weeks. This will almost certainly be a lot less than your full earnings. Few employers pay for longer periods. If you find yourself in a situation where you are unable to return to work, your employer could even stop paying you altogether and terminate your employment. After that, you would probably have to rely on state benefits. Some employers arrange group income protection insurance for their employees, which can pay out an income after the statutory sick period... Click Here to read further and to download 'A Guide to Protection Planning'.

Contact Us: As part of our service, we also take the time to understand our client's unique needs and circumstances, so that we can provide them with the most suitable protection solutions in the most cost effective way. If you would like to discuss the range of protection services we offer, please contact us for further information.

Life Assurance

"Providing a financial safety net
for your loved ones."

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Business Protection

"Don't overlook your most
important assets, the people who
drive your business"

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Long Term Care

"Keeping pace with the
growing size of an ageing
population"

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Get in touch

CFS Independent Financial Advisers Limited
Lower Blyth Suite, Kirkley Hall, Ponteland, Newcastle upon Tyne, NE20 0AQ

Telephone: 01661 821110
Fax: 01661 821120
Email: enquiries@cfs-ifa.co.uk

 

 

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