Could you and your family cope financially after an accident or inability to work due to illness?
Securing financial stability in case of accidents or long-term illness is vital for you and your family. Income protection cover can provide the support you need by replacing a portion of your income.
Explore personal insurance plans, receive an income protection quote, or learn about income protection policies today. Safeguard your income and gain peace of mind with income protection cover or a rental protection plan.
How can income protection cover help you?
Income protection cover provides a regular income if you are unable to work due to illness or injury. In the event of a claim, it typically pays out between 50-70% of your income, tax-free. These payments continue until you recover and return to work or until your policy term ends.
You can choose income protection as a standalone policy or as part of your life and critical illness insurance.
The Rental Protection Plan
If you are a renter and not a homeowner, don’t worry. We offer access to Rental Income Protection. While you may not own the property, we understand that it’s more than just a roof over your head—it’s home.
Renting has become increasingly common, with the UK private rental market doubling in the last decade. Unfortunately, many renters overlook the need for protection to cover their rent, leaving themselves vulnerable if they were to become ill or injured and unable to work. That’s where The Mortgage Bubble’s Rental Protection Plan comes in. It can help protect your income by providing a monthly benefit developed to assist with rent payments.
As an intermediary and broker, we offer guidance from the best providers to help you select appropriate cover.
It’s important to remember that income protection cover does not accumulate cash value, and it is crucial to maintain the premiums to keep the coverage active.
FAQs
Personal information will be needed such as height, weight, smoker status and a general health questionnaire will need to be completed and this will cover how much time you have had off work in normally the last 5 years. The insurer will underwrite your policy when the application is submitted and also again at the point of claim.
In the event of a claim, pay outs are paid tax free on a monthly basis
Your Income Protection premium can be arranged on a guaranteed basis which means the premium will never change.
This is the time from when you make your claim to you actually receiving the monthly benefit. Any time from 1 week to 12 months can be opted for and this will depend on how long you feel you could go with no income.
No you don’t, even if you rent then you can still get Rental Income Protection.