Income Protection Benefit

Income Protection 

This policy is designed to provide an income in the event the insured individual is unable to work due to ill health. The level of premium will depend upon the amount of benefit and term selected and most policies cease to pay the benefit once the insured is able to return to work. Income Protection policies are usually written to retirement age or 60 if earlier.

Accident, Sickness & Unemployment (ASU) 

ASU policies were traditionally sold to accompany mortgages, allowing for a regular income to be paid to the insured should they be unable to work due to ill health, an accident (or lose their job). The product can be split down, and unemployment cover is usually the optional extra available for an additional premium. Benefits are only usually paid for a specified time for example 12 months. It is important to compare ASU and Income Protection closely as one may be more suitable than another. It may also be possible to use the 2 products to work in tandem with each other. 

IT’S GOOD TO TALK

It’s easy to get in touch. Call now on “01337 830 844” or fill in the Contact Form and we will contact you within 24 hours.

YOU NEED TO KNOW

GO Financial Services charge a fee of £150.00 payable at the outset and £350.00 payable on receipt of a mortgage offer, however, this could be higher, depending on the complexity of your case. We will also be paid commission by the lender. Fees are non-refundable after you have received a mortgage offer. We do not charge fees for arranging Protection or General Insurance.

This site is intended for the use of UK residents only.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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