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Understanding Income Protection Insurance

Income protection insurance can provide financial security and peace of mind by providing a lump sum in the event of illness or injury. It ensures that you can maintain your standard of living and meet your financial obligations, even if you're unable to work due to a medical condition. Learn more about the benefits of income protection and how it can protect you and your loved ones from the financial impact of unexpected health issues.

An overview of income protection

Introduction to Income Protection Insurance

Income protection insurance is a type of coverage designed to provide financial support if you are unable to work due to illness or injury. Unlike other types of insurance that pay a lump sum, income protection insurance offers a regular income, typically a percentage of your pre-disability earnings, during the period you're unable to work. This ensures that you can maintain your standard of living and meet ongoing financial commitments such as mortgage payments, bills, and daily expenses

Key Considerations

There are various factors to consider when choosing income protection insurance. Firstly, you'll need to decide on the waiting period, also known as the deferred period, which is the amount of time you must wait after becoming unable to work before the insurance payments start. This period typically ranges from one to twelve months, and the longer the waiting period, the lower the premium costs. Secondly, consider the benefit period, which is how long the payments will continue once they start.

Customising Your Income Protection Policy

Income protection insurance can be tailored to suit your specific needs and circumstances. Policies vary in terms of coverage options, including whether they cover total or partial disability and whether they offer additional benefits such as rehabilitation support or inflation protection. It's essential to review and compare different policies to find one that aligns with your occupation, income level, and personal preferences.

Who Benefits from Income Protection Insurance?

Income protection insurance is particularly advantageous for individuals who lack access to comprehensive sick leave or disability benefits through their employer. This includes self-employed professionals, freelancers, and contractors who rely solely on their ability to work for income. By securing income protection insurance, these individuals ensure financial stability during periods of illness or injury when their ability to earn an income may be compromised.

Benefits of Income Protection

Secure your financial stability with income protection insurance, it aims to provide a regular income during unforeseen periods of illness or injury.

Continued Income During Disability

Income protection insurance ensures that you continue to receive a regular income if you are unable to work due to illness or injury. This steady stream of payments helps cover your everyday living expenses, such as mortgage or rent payments, utility bills, groceries, and other necessities.

Flexibility in Coverage

Income protection policies offer flexible coverage options, allowing customisation to match your needs. You can adjust details like the waiting period and benefit period to align with your financial situation and personal circumstances, ensuring you receive the right support when you need it most.

Self-Employed and Small Business Owners

Income protection insurance is invaluable for self-employed individuals, freelancers, and small business owners without access to employer-provided sick leave or disability benefits. It serves as a safety net, replacing lost income and enabling business continuity and family support during incapacity.

Peace of Mind and Financial Security

Income protection insurance offers peace of mind by providing a reliable income source during illness or injury, safeguarding your financial security and standard of living. It prevents unexpected health challenges from causing financial hardship for you and your loved ones.

Enquire about income protection today!

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We take pride in our customer service and are committed to providing you with the best possible experience. Here's what some of our customers have to say about us.

Jayesh Unka

Jayesh Unka

4 Weeks old

We recently completed the purchase of our new home and cannot thank Kishore enough for his support throughout the journey. What makes Kishore stand out is his patience, professionalism and commitment to his clients. Our house search took almost two years, and during that time we had several offers that unfortunately fell through. Despite the delays and setbacks, Kishore was always available to help, provide advice and update mortgage options whenever our circumstances changed. He was responsive, knowledgeable and took the time to explain everything clearly, making what can be a stressful process feel much more manageable. Nothing ever seemed too much trouble, and we always felt confident that he had our best interests at heart. Thanks to Kishore’s guidance and persistence, we have finally secured our new home. We would highly recommend him to anyone looking for a mortgage advisor who genuinely cares about his clients and provides excellent service from start to finish. Thank you, Kishore, for all your help and support over the past two years.

Orr Shachar

Orr Shachar

2 Months old

Super professional, friendly and helpful. Helped us securing a mortgage for buying our first house - we started the process knowing nothing about the British housing market and processes and the help and assistance we received along the way was amazing. couldn't ask for more :)

Hitesh Patel

Hitesh Patel

2 Months old

We had an outstanding experience with Kishore at Fairford Financial Services. From start to finish, the level of professionalism, knowledge, and genuine care he showed was truly exceptional. Kishore took the time to understand our situation in detail and guided us through every step of the mortgage process with patience and clarity. What really stood out was his responsiveness and dedication — no question was too small, and he was always available to offer reassurance and expert advice when we needed it most. He went above and beyond to secure the best possible outcome for us, and thanks to his hard work, what could have been a stressful experience felt smooth and well-managed throughout. His attention to detail and commitment to his clients is second to none. My family and I are incredibly grateful for everything Kishore has done for us. We wouldn’t hesitate to recommend him to anyone looking for a reliable, trustworthy, and highly skilled mortgage broker. Thank you again, Kishore — your support has meant so much to us!

Meera Mistry

Meera Mistry

10 Months old

Thank you, quick, fast and we got loads of advice for our first home. Really grateful and explained everything in good time too, especially if your self-employed which can be tricky for first time buyers.

Snr Genfi

Snr Genfi

3 Years old

Kishore Mistry is the absolute best mortgage advisor you can ever have on the market. This man really came through for my family with exceptional professional advice in our property acquisition. He is very attentive to detail and if you listen and work with him, you will end up excited as we are at the moment. I recall the times I had to bother him very late at night and on weekends and he still made time for me offering the best professional advice in securing the mortgage. Kishore, you are indeed a legend and it's been an absolute pleasure doing business with you. I will highly recommend him to any prospective buyer especially first time buyers.

guy derry

guy derry

3 Years old

Kishore was so helpful but importantly he was knowledgeable, real safe pair of hands and he got us the mortgage and he got us over the line with our purchase

Sunil Malhotra

Sunil Malhotra

4 Years old

Kishore Mistry had been ever so helpful. We are truly indebted to him as without you him definitely wouldn’t have got our foot through the door. His immense help through testing times has been our fortune and we count our blessings to have had his utmost support and advice along the way. There have been times where he made us think before taking certain steps which I believe benefited us in the grand scheme of things. Highly recommended.

Dave H

Dave H

4 Years old

I would thoroughly recommend Fairford Financial great personal service, quick response , my family have used for mortgage and life insurance

Sue Wright

Sue Wright

4 Years old

I would thoroughly recommend Fairford to anyone who requires a first time mortgage, re-mortgage and/or insurance policies. I have used Fairford services several times and they have recently also helped 2 other family members with their first property purchase. Kishore is most helpful and supportive throughout the whole process. A trusted financial service - 5 stars!

F Tailor

F Tailor

4 Years old

This is a great service. Very knowledgeable and super fast with responses. I was given a whole host of information which has been so helpful for me buying my first house. The process was very smooth. Thank you so so much!

NILESH JHALLA

NILESH JHALLA

4 Years old

The service I received from Fairford Financial Service was amazing. I can not speak highly of how easy the mortgage process was and the service was 5 star. I will recommend Fairford to all my family and friends and work colleagues. Absolutely great service and support throughout the whole process. This is one of the best companies I have ever used. Highly recommended.

Sunny Dhamii

Sunny Dhamii

4 Years old

Flawless service from start to finish. Kishore Mistry guided us through our mortgage options and saw us through the entire process. From the first time that we spoke with Kishore, he was approachable, understanding, personable and informative. Everything was explained clearly and precisely throughout. We were able to reach out to Kishore at any time and never faced a situation where we were unable to receive a quick response. Although in most instances, communication was initiated by Kishore anyway and we were consistently up to date with any progress on our case, big or small. We faced a couple of challenges with our house move. Firstly with having to withdraw from our originally planned purchase, due to the current homeowners not able to find a suitable onward move many months after accepting our offer. Secondly, with a down valuation on the property that we eventually did end up purchasing. Kishore was reassuring in both scenarios and empathised with our uncertainty and naturally, our disappointment. He guided us through the process of appealing the down valuation that was put forward by our lender. Without saying much more, we have now moved into our new home. Despite the couple of scenarios mentioned above, our house move felt very simple and stress free, due in large part to the service provided by Kishore. His knowledge and experience is second to none.

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