Dave Beard

Expertly compared by Dave Beard

Products Updated June 5, 2018

Long Term Income Protection Cover

Long term cover Income protection insurance provides you with a means of protecting your income from both short term and long term sickness or injury. This policy will provide you with a pay out for the period of time you are unable to work, up to the point where you are fit to return to work, you retire, the policy expires or you pass away.

2 providers expertly compared:

ActiveQuote

Provider
ActiveQuote

Products
Income & Life Protection

speciality
Income Protection

Rated 4.8/ 5

All credit types

ActiveQuote will compare the market place to find you the best deal on Income Protection. They can quickly search and compare against their panel of providers to find you the cheapest deal that meets your needs. The whole process only takes a few minutes online.

2 providers expertly compared:

Available via broker only

Aviva

Provider
Aviva Income Protection

Products
Income & Life Protection

speciality
Income Protection

Rated 4.7/ 5

All credit types

When unexpected things happens, we know that what matters is having peace of mind from a policy you can trust. Aviva's Income Protection cover is very straightforward, simple to arrange and is individual to you and your families needs.

About Long Term Income Protection Cover

Long term income protection will give you that financial safety net by safeguarding your salary and replacing a percentage of this to give you peace of mind. If a claim is made by the policy holder the monies will be paid out after an agreed waiting period known as the deferred period ends. A claim can be submitted as many times as the policy holder wishes providing the claim is valid- Do not underestimate the importance of Income Protection.

The policy will provide you with financial protection to ensure you can still pay your important bills such as your mortgage and any other debts you may have.

How Does It Work?

Income protection for the long term

Income protection for the long term

If you have this policy in place and you become unable to work due to ill health, an accident resulting in an injury that prevents you from working or involuntary redundancy you would be completely covered. You would then receive a benefit payout tax free on a regular basis as agreed. The benefit payout would only be released once the waiting period known as the deferred period has come to an end. The premiums are based on the duration of your deferred period, but you can claim as many times as required.

The Features

There are numerous features with long term cover Income protection, and these include:

  • You will be financially covered should you be unable to work due to ill health, sickness or unemployment
  • The policy provides you with a tax free regular payment if you are unable to work or find yourself out of work
  • A number of policies available with a wide range of cover to suit your circumstances , and these are- Age related policies, guaranteed policies and re-viewable policies

What Are The Benefits?

There are a number of benefits at your disposal with this policy, and these include:

  • Peace of mind for the policy holder because all bills and any other payments can still be paid regularly
  • Numerous policies are available which ensures that you have the right policy to suit your needs
  • A claim can be made as many time as the policy holder wishes
  • The benefit payout will be paid on a regular basis , both weekly or monthly
  • Full confidence in the policy as the cover will continue for as long as you require providing the premiums are paid
  • The benefit payout is made tax free to the policy holder after the deffered period has come to an end

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