How does Income Protection Insurance work?
Income protection insurance is designed to be a backstop if you are unable to work for a period of time where your employer’s sick pay benefit ends. An example would be if your employee sick pay covered you for 3 months but you were unable to return after this initial sick pay period.
The policy would be deferred for months, to take account of the 3 months your employer would continue to pay you, and after the 3 months is up then the income protection insurance policy comes into force and pays a tax-free amount directly to you to cover bills and costs.
We work for our customers around the clock, and pride ourselves on never leaving you waiting for an answer.