Income Protection

The term "Income Protection" can confuse customers as there are so many different types and titles of policy. The true definition of Income Protection  applies to products which pay you an income if you become unable to work due to sickness or injury.

However, we should include other products within the industry such as Mortgage Payment Protection Insurance, Payment Protection Insurance, and Accident Sickness & Unemployment insurance. To add to the confusion, other commonly used names for income protection are; Permanent Health Insurance (PHI) - which was used in days before the Income Protection name was used, Income Replacement Insurance, or Long Term Disability Insurance.

Policies to protect mortgages, loans or credit card debts are frequently called Accident Sickness Unemployment (ASU) policies. Insurers themselves often confuse it further by using product names like " Protection " which can include income protection, critical illness, life and other products.

We can guide you through the maze. Whatever your requirements, we can help you to understand the benefits of the different types of policy, and advise you as to the best solution. So give us a call today on the number above, or click here to send us message.