Income protection pays out an income if you are unable to work due to an illness or injury.

You can choose the level of cover but depending on the provider this may be limited to a percentage of your gross salary or a maximum monthly payment i.e 50% or £6250pm

You can choose when the cover starts to be paid. This is known as a deferred period and can be 4, 8, 13, 26 or 52 weeks.

The benefit is normally paid until a specified retirement age, until you die or until you return to work, whichever is sooner.

The choices you make will depend on your circumstances but you can only have income protection in single names.

 
 
 
 
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11 Market Street, Whittlesey, PE7 1BA
Choicemortgages UK Ltd is Authorised and Regulated by the Financial Services Authority. Registration Number 300688.

Your home may be repossessed if you do not keep up repayments on your mortgage. Written quotations available on request.

There will be a fee for mortgage advice. The amount will depend upon your circumstances, but we estimate for a standard mortgage it will be £95. You have the option to pay us a fee and receive any commission which we are paid by the lender.
If you choose this option we estimate that the fee will be £750.

For more information: http://www.moneymadeclear.fsa.gov.uk/home.html
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