This type of plan, is an alternative to long term income protection where it would cover a proportion of your income but for only a fixed period of up to 24 months. This type of cover is also utilised where an income protection may not be available. The policy has the ability to pay out a set monthly sum. As these policies are considered less of a risk for the insurer, due to the short payout period, an accident, sickness and unemployment plan could potentially be allowed, where an existing medical condition would prevent full income protection being permitted, ensuring you still have options to help protect yourself against any additional medical issues that stop you from being able to work. With part of your income protected for upto 24 months you can help towards maintaining your critical financial commitments such as your mortgage, utility bills and food alongside maintaining your lifestyle costs so you are able to concentrate on getting better. We can arrange this benefit through Paymentshield meaning not only will your policy be a quality product, but a quality product at a great price.
Redundancy cover would cover a proportion of your income for only a fixed period of up to 12 months in the event of the policy holder being made redundant or having to cease self employment through no fault of their own. This enables you to benefit from a monthly income should somebody else make an adverse decision on your employment influencing your financial wellbeing. This allows you time to search for the right job as opposed to having to take any job to ensure you and your family's survival. This will help cover your critical commitments such as your mortgage, utility bills and food so you are able to concentrate on obtaining the best next role for you. We can help arrange this benefit through Paymentshield meaning not only will your policy be a quality product, but a quality product at a great price. This product is available on it's own but can also be combined with an accident and sickness plan meaning we can help find the right solution for you.