• Contact
  • Accountants: +44 (0) 1753 551111
  • Solicitors: +44 (0) 20 7067 4300

Posted on: 16 Mar, 18

If you were one of the million people in the UK each year that find themselves unable to work due to a serious illness or injury, how would you cope financially? The Association of British Insurers 2017 findings highlight the fact that of these, many find it difficult to survive on their savings or on sick pay from work.

Serious illness or injury can occur at any time and will inevitably cause strain on families financially, as well as personally. Income Protection insurance (also known as ‘IP insurance’) is designed to provide cover if you can’t earn an income for a number of specified reasons. It provides a financial resilience to individuals and households and gives peace of mind.

Help to support you financially

If something happened to you, would you be able to survive on your savings or on sick pay from work? If not, Income Protection is an alternative way to keep paying the bills. But it’s important to remember that Income Protection only covers you if you’re unable to work due to illness or injury – it does not pay out if you are made redundant.

This type of insurance covers most illnesses that leave you unable to work. What that means, exactly, depends on your individual policy. For example, it may cover you if you are unable to work due to a stress-related illness or a serious heart condition.

Download the PDF to see the full document.

  • Member of London Partners
  • Member of London of Chamber Commerce and Industry
  • The Royal South Bucks Agricultural Association
  • The Association for UK Interactive Entertainment
  • Offical Xero Partner

Copyright © 2013 - Oury Clark.

Oury Clark is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 100556.