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30 seconds is all it takes to schedule a call with an expert insurance advisor. No obligation and fee free, whats not to like.
With access to thousands of income protection quotes, we’ll find the right cover to protect you during loss of earnings.
We’ll handle income protection insurance for you, from the quote, to the application, and everything in-between.
That’s where we come in. Our dedicated team of income protection advisors are passionate about helping you find the coverage that fits your unique needs and budget, so you can relax and focus on what truly matters.
We’ll answer your questions and guide you through the application process for a income protection quote that’s made to withstand whatever comes your way.
It’s a type of insurance that replaces a portion of your income if you become unable to work due to illness or injury. It can help you cover essential expenses and maintain your financial stability during a difficult time.
The specific conditions covered vary by policy, but common examples include:
– Illness: Physical or mental illnesses that prevent you from working.
– Accident: Injuries that prevent you from working, including work-related accidents.
– Disability: Long-term impairments that affect your ability to work.
Income protection policies typically cover 50-65% of your pre-disability income. You can choose a higher or lower percentage, but it will affect the cost of your premiums.
At GHL Direct, we believe expert guidance shouldn’t cost the earth. That’s why our initial consultations with our income protection advisors are always completely free, with no obligation to buy.
Plus, here’s the cherry on top: Our fees are often built into the cost of your chosen policy, so you won’t face any surprise charges along the way.
Why is this important?
Because your peace of mind matters. We’re regulated by the FCA (Financial Conduct Authority), and it’s our duty to be transparent about any fees upfront. That way, you can focus on finding the perfect life insurance cover for your needs, without any worry.
Here’s a quick breakdown of the benefits:
Free, expert advice: Our advisors are here to answer your questions, compare policies, and guide you through the process. Think of them as your friendly navigators on the journey to income protection certainty.
Transparent fees: No hidden costs, no surprises. Just clear, upfront information so you can make confident decisions.
FCA-regulated: We take our commitment to ethical and responsible advice seriously. You can trust us to put your needs first, always.
– Financial security: If you become unable to work due to illness or accident, income protection insurance can replace a portion of your income (typically 50-65%). This can help you maintain your financial stability and cover essential expenses like rent, mortgage, and bills.
– Peace of mind: Knowing you have this financial safety net can provide you with peace of mind and reduce stress during a difficult time.
– Long-term support: Unlike sick pay or other benefits which might only last for a few months, income protection insurance can pay out for years or even until retirement, depending on the policy.
– Tax benefits: In some countries, income protection premiums may be tax-deductible, making the cost slightly lower.
– Cost: Income protection insurance can be expensive, especially for younger, healthy individuals. Premiums are based on your age, occupation, health, and the benefits you choose.
– Eligibility: You may not be eligible for income protection insurance if you have pre-existing medical conditions or a high-risk occupation.
– Waiting period: There is usually a waiting period (e.g., 30 days) after the onset of illness or injury before benefits begin.
– Claim complexity: The claims process can be complex and involve medical assessments and paperwork.
Here are some things to consider before making a decision:
Your financial situation: Do you have enough savings to cover your expenses if you were unable to work for several months or years?
Your employment situation: Does your employer offer sick pay or disability insurance?
Your health and risk factors: Are you at risk of illness or injury due to your age, occupation, or lifestyle?
Your family situation: Do you have dependents who rely on your income?
If you are concerned about the financial impact of losing your income due to illness or injury, income protection insurance may be a good option for you. However, it’s important to carefully consider the costs, benefits, and potential drawbacks before making a decision.
GHL Direct is a trading style of GHL Network Services Ltd which is an Appointed Representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority. The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Will Writing, EPC Products & Conveyancing are not part of the Openwork offering and are offered in our own right. Openwork Limited accept no responsibility for this aspect of our business. Will Writing, EPC Products & Conveyancing are not regulated by the Financial Conduct Authority.
Approved by The Openwork Partnership on 30/01/23
