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Income Protection

An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age) or on death.

With some of our providers you can pay a little extra every month and include a redundancy insurance to cover you as part of your policy.

Income protection benefit can suit different types of people:

  • Families where there is only one main wage earner or one source of income
  • Home owners with mortgages
  • The self employed – where the household income is dependent on them having to work
  • A parent who stays at home and looks after their child
  • Families who have regular monthly bills such as; utility bills, credit cards and loans
  • People who work full time but do not receive sick pay from their employer if they are unable to work through illness or injury

This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.

To discuss the benefits and exclusions of income protection with one of our qualified advisors please contact us on 020 8427 5057.

Call LFS on 020 8427 5057 or request a call back

 

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

* The Financial Conduct Authority does not regulate some forms of buy to let, secured loans, commercial finance, bridging finance, overseas or offshore mortgages and will writing.
Your initial mortgage consultation is obligation free. We charge an administration fee for processing each mortgage contract and our fees only apply when you decide to proceed with an application. For standard residential mortgage contracts the typical fee of up to 1% of the mortgage loan applies of which £500 is payable on application with the balance payable on offer . For buy-to-let mortgages a typical fee of up to 1% of the mortgage loan applies of which £500 is payable on application with the balance payable on offer. For offshore and commercial mortgages a typical fee of 1% of the mortgage loan applies of which £1000 is payable on application with the balance payable on offer. For impaired credit lending the typical fee is 1% of the mortgage loan applies of which £500 is payable on application with the balance payable on offer. The overall cost for comparison is 5.5% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.

The adivce and/or guidance contained within this website is subject to UK regulatory regime and therefore is restricted to consumers based in the UK.