Income Protection Insurance Joint

The difference between income protection insurance and critical illness cover.

Income protection insurance joint. Unfortunately at present income protection insurance is an individual insurance and can only be taken out by an individual not on a joint basis. Income protection insurance is a policy that protects you against loss of income due to unemployment illness or accident it could provide you with a tax free income and could continue to pay out until you are able to return back to work or retire. Calls to 0800 numbers from uk landlines and mobiles are free. Income protection insurance will provide you with financial support if you find yourself unable to work due to accident or illness or if you re made redundant.

You can get short term or long term policies depending on your needs. For our joint protection telephone calls may be recorded and or monitored and will be saved for a minimum of 5 years. When setting up income protection cover the insurer needs to consider your specific occupation income level and health which would make taking out a joint income insurance plan fairly complicated.