fbpx

Income Protection Insurance

Based in Hampshire, our income protection insurance brokers are standing by to offer you the best advice. Our insurance and protection service is FREE!

Are your loved ones financially protected
if your income were to stop?

Our Hampshire based income protection insurance advisors are passionate about making sure that you and your loved ones are protected if your income were to stop. Income protection insurance is not as expensive as you might think and having the right amount of cover is essential for the protection of your income.

YesCanDo are whole of market which means we search the whole income protection insurance market to get you the best rates and the best cover. We do not charge for our broker services as we are paid by the different insurance companies.

Do you need income protection insurance?

The straightforward answer is that most employed and self employed people would highly benefit from some sort of income protection insurance.

Are you self employed and looking for income protection insurance? << click here.

The idea of income protection insurance is to pay you a long-term monthly payment in the event of you becoming too unwell to work. You will be able to choose the age that you will get the monthly payment until. Most people will choose it to be paid until their retirement age. You will also get the choice of how long you want to wait before you start receiving the payout. In some cases, people opt for a policy that starts paying out straight away or after a month and sometimes people choose to wait 6 months before they start receiving the payout in line with their company sick pay ending.

If the money were to stop or massively reduce in your household, it can have devastating effects. Therefore you need to make sure that your children and maybe your wife or husband are safe and looked after financially should something happen to you, your work and your income.

If you own a property you need to make sure that those loved ones will always have a roof over their heads, even if you are no longer well enough to work and bring in enough income to cover your monthly outgoings.

How much does income protection insurance cost?

Income protection insurance  can be surprisingly affordable. It very much depends on your age, if you are a smoker or a non-smoker and how much cover you require to cover your income.

Insurance Broker
Hannah & Billy - Income Protection Insurance Advisers

Ask YesCanDo for income protection insurance advice

At YesCanDo we take time to understand your individual needs. We will search the income protection insurance market to get you the best cover and the right cover for you. Because we search the whole market, we also make sure we get you the most affordable cover.

Request a FREE quote from a income protection insurance broker

Please complete the contact form and one of our income protection insurance advisors will WhatsApp you a quote or call you back to offer no-obligation advice.

Have you throught about other protection insurance
such as Life Insurance?

Life insurance

Life insurance pays out in the event of you dying. Apologies if this is a little hard hitting however this is exactly why you need life insurance. Your family will have enough to cope with in the event of your death. Don’t give them financial problems to compound this. Life insurance is very affordable.

Mortgage protection

The purpose of mortgage protection is to pay your mortgage off should something happen to you. You will be able to choose just life cover or life with critical illness cover. This would mean that in the event of something happening to you your mortgage debt is repaid. This means you will always have a roof over your head and one less bill to pay each month.

Term insurance

Term insurance is usually used to protect you and your family in the event of your death or a critical illness. Many people have this in addition to mortgage protection especially when they have a young family. The reason it is called term insurance is that a specific term will be chosen that you need cover for. The most common term chosen is one to tie in with your dependents becoming 18 or 20 years old.

Critical illness insurance

Critical illness cover is there to protect you as well as your family! What do we mean by this? Critical illness insurance covers you in the event of you becoming very ill. To give you an idea of what it includes, here are just a few examples:
  • Cancer
  • Heart Attack
  • Stroke
  • Multiple Sclerosis
  • Parkinson’s
  • Alzheimer’s

Most insurance companies will cover you for over 50 critical illness conditions, so you are covered whatever life throws at you.

Whereas life insurance pays out in the event of your death to your family, critical illness cover is different as it pays out to YOU! This means that you will be able to pay your mortgage off so that you and your family will always have a roof over your head.

In the event of a critical illness employers will often pay your salary for a few months and then this will stop suddenly, putting you in financial difficulties. This is where critical illness cover will save the day. You will be paid a lump sum which you can decide what you do with. You may use it to replace your salary for a while and then when you get better you may decide to go back to work or start a less stressful job and use the money to subsidise your income.

Terminal illness benefit

Terminal illness benefit is included as standard for all life insurance policies and is separate to critical illness cover If you are given a terminal diagnosis for any condition and you are not expected to live for more than 12 months, you will receive the full payout early whilst you are still alive. The idea of this is you will receive the payout before you pass away, when you need it the most.

Life insurance FAQ's

The reason why most people need life Insurance is to protect their family if the event of them dying or being diagnosed with a critical illness. Life Insurance or Critical Illness cover is there to usually pay a lump sum to you or your family to stop any financial hardship. Your family will be suffering from the loss of a loved one and the last thing they will need is the stress of not being able to pay the bills at a very emotional time.

Basically the more dependents you have, the more life assurance you will need. Similarly the larger your mortgage loan, the more life insurance you will need.

You will need Life Insurance for as long as you have family that are dependent on you. Most people choose to have Life Insurance or Critical illness cover until their children are age 18 or 21 if they are at university. If no children are involved then some choose to cover themselves until retirement age.

The term for Mortgage Life Insurance, also known as mortgage protection or decreasing term insurance, usually coincides with the amount of years left on your mortgage.

There are many different arguments for the right or ideal age to get life insurance but actually the simple answer to this is that once you have someone who will financially suffer if you were to die or be diagnosed with a critical illness then it should be in place. The youngest age you can get Life Insurance is age 16.

The younger you are, the less Life Insurance and Critical Illness cover costs. Premiums will also be lower if your are a non smoker and if you are in reasonable health.

Example of cost – £100,000 cover for a 30 year old non-smoker over 25 year term = £5.73 per month

There are many Insurance companies in the UK all offering different types of life cover. The best way to make sure you are not only getting the right cover, but also the lowest price, is to use an insurance broker.

An Insurance broker will shop the insurance market and work independently so won’t be tied or swayed towards certain insurers.

At YesCanDo we are a whole of market Insurance broker. This means that we will search the market to get you the best price for the best cover. We have a team of in-house insurance specialists that will be on hand to advise you and get you various cover options to consider. Once agreed and you are happy. one of our amazing team will see your application through to completion, keeping you updated each step of the way. We are a NO FEE Insurance broker therefore we do not charge you for our services.

Life Insurance and Life Assurance are different names for exactly the same thing. An Insurance broker will shop the insurance market and work independently so won’t be tied or swayed towards certain insurers. At YesCanDo we are a whole of market Insurance broker. This means that we will search the market to get you the best price for the best cover. We have a team of in-house insurance specialists that will be on hand to advise you and get you various cover options to consider. Once agreed and you are happy. one of our amazing team will see your application through to completion, keeping you updated each step of the way. We are a NO FEE Insurance broker therefore we do not charge you for our services.
Life insurance companies class you as a non-smoker once you have not smoked for 12 months. It’s also worth noting that if you vape you will be classed as a smoker whether the vape contains nicotine or not.
This will differ from one insurance to another however the average time for life insurance claims to be paid is 2 weeks.

Read the YesCanDo Money Blog for Free Financial Advice & Guides

5/5

Our customer reviews speak for themselves

We have many happy customers from across Hampshire and Sussex. Take a moment to read and visit our Google Business page for more customer reviews. You can also leave the team a Google review or Facebook recommendation.

YesCanDo Money is rated 5 out of 5 based on 101 reviews on Google.

Scroll to Top

Do you want to save time and money on your next mortgage?!

Request a FREE call back from one of our expert advisors:
  • :
We take privacy seriously. We will not share your data with any third party.
This website uses cookies to improve your experience. If you continue we’ll assume you’re happy. See our privacy policy for more information.