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Income Protection Advice in Sheffield

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7 days a week, 8am - 10pm

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Income Protection Advice in Sheffield

Financial support if you become ill or disables and are unable to work. Ensuring you have regular income payments until you can return to work.

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Income Protection Insurance Advice in Sheffield

Income Protection Insurance offers valuable coverage, providing financial support if you become ill or disabled and are unable to work. The policy ensures you receive regular income payments until you can return to work or reach retirement age.

With comprehensive coverage, Income Protection Insurance encompasses various illnesses and disabilities, aiming for your eventual return to work. However, in the event that you cannot return to work, the policy will remain in effect until your retirement age. It’s essential to note that Income Protection Insurance can make multiple pay-outs, but there is a cap based on your salary.

Since individual circumstances vary, every policy will have its unique features. As dedicated protection and mortgage broker in Sheffield, we take pride in recommending the ideal policy for you, considering your specific needs and ensuring your Income Protection Insurance meets all necessary specifications.

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Income Protection Advice in Sheffield

Do I need Income Protection Insurance in Sheffield?

Having insurance in place for unforeseen circumstances is crucial, even if you’ve never needed to claim it before. Life is unpredictable, and having the security of Income Protection Insurance can offer peace of mind. If you’re uncertain about whether it would be beneficial for your specific situation, don’t hesitate to contact us for a free insurance review in Sheffield.

It’s worth noting that you might already have Income Protection Insurance through your employer’s benefits program. Checking your employment contract can provide clarity on any existing insurance policies your company offers.

Before making a decision, we recommend consulting with a qualified protection and mortgage advisors in Sheffield. As experienced professionals, we will evaluate your personal and financial situation, helping you find the most appropriate insurance product tailored to your specific needs.

Speak to an Income Protection Advisor in Sheffield

At Sheffieldmoneyman, we provide every client with a free insurance review, tailored to their unique circumstances. We meticulously assess your personal and financial situation to determine if Income Protection is the optimal choice for you. Various factors, including your lifestyle, age, and medical history, influence the monthly premiums associated with your policy.

It’s important to note that Income Protection insurance can be a significant expense, especially with a short deferred period. If you already have other insurance policies, it’s advisable to calculate the overall costs and coverage.

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Income Protection Insurance FAQs

Is it worth speaking to an Income Protection Insurance advisor in Sheffield?

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We offer all new and existing customers a free Insurance review to speak with one of our dedicated protection and mortgage advisors at in Sheffield. During this review, we will take the time to understand your personal and financial circumstances, considering factors such as your lifestyle, age, and medical history.

Thiswill help determine whether Income Protection Insurance is the most suitable option for you, and we will tailor the policy to meet your specific needs. It’s essential to be aware that Income Protection Insurance may involve higher costs due to its potential to pay out multiple times.

Before finalising your policy, it’s crucial to be fully informed about what the Income Protection Insurance covers and the conditions associated with it. Our protection advisor in Sheffield will guide you through the details, ensuring you have a clear understanding of the policy’s benefits and limitations.

Do I need Income Protection Insurance in Sheffield?

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You might already have Income Protection Insurance through your employer’s benefits program, eliminating the need for a separate policy. Verify your employment contract for details about the coverage offered by your company.

While you have other insurance, such as Critical Illness Cover addressing specific illnesses that hinder work, it’s vital to review your current coverage for potential gaps in the future. As experienced mortgage broker in Sheffield, we often see individuals preferring to rely on their savings rather than investing in Income Protection Insurance.

In such cases, it’s crucial to assess whether your savings can adequately cover your living expenses during the required period and consider the possibility of needing additional time off for emergencies, ensuring you have the financial safety net you need.

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Reviews Stars4.95 Rating210 Reviews

Our Simple Step by Step Process

Free 30-Minute Insurance Review

Step 1

Explore your insurance options with a dedicated mortgage advisor in Sheffield today. Your protection advisor in Sheffield will discuss your health history with you, gathering essential information to make well-informed decisions.

We Will Search Through Different Insurance Products

Step 2

With access to a vast array of insurance products, our team will search extensively to find the most suitable coverage to protect you and your family.

Submit Your Insurance Application

Step 3

Once we identify the most suitable insurance product for you, we will submit your application to the provider. On occasion, the policy provider may request additional information from us before considering your application.

Protecting You and Your Family

Step 4

For clients who have obtained their mortgage through us, we will proactively reach out to you during the remortgage process. This presents an ideal opportunity to review any existing policies you have in place.

Reasons to Choose Us

Free Protection Review

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Your protection advisor will be open and transparent with you at all times. From start to finish they will work for you, trying to find you the best deal possible based on your personal and financial situation.

1000's of Deals

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We have over 20 years of experience in the sector with all different kinds of policy types. We have helped many customers take out Income Protection Insurance products in the past and we could help you next!

Our Service

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Our Mortgage and Protection Advisors in Sheffield want to make sure that you are protected and have the correct policy in place that will give you financial help when you need it most.

7 Days a Week

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Take a look at our reviews! We have collected a large handful of reviews from past customers sharing their experiences with us. Head over to our reviews page to read more.

Malcolm and Amy Davidson - Mortgage Advice in Sheffield

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Different Types of Income Protection Insurance in Sheffield

Accident, Sickness and Unemployment (ASU)

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This type of Income Protection Insurance serves as a safety net for unexpected life events that can disrupt your income. Accidents, illnesses, and redundancy are all factors that can impact your financial stability.

With this coverage, you’ll receive tax-free monthly lump sums in the event of illness, accidents, or redundancy, compensating for your lost income. Typically, these payments will last for around 12 or 24 months, during which you are expected to recover and return to work.

Once the policy pays out, you have the flexibility to use the money for any purpose you desire. Whether it’s covering living expenses, medical bills, or other financial obligations, you have the freedom to allocate the funds as needed.

Payment Protection Insurance (PPI)

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This form of income protection is designed to cover your essential monthly debt repayments, including loans, mortgages, and credit cards, in the event that you become unable to work.

When you secure this policy, you will need to specify the duration for which you want the coverage to pay out. Typically, these policies are short-term, providing financial support for a limited period to help you manage your debts during times of inability to work.

Mortgage Payment Protection Insurance (MPPI)

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If you find yourself unable to work and struggle to keep up with your mortgage payments, Mortgage Payment Protection Insurance (MPPI) comes to the rescue. Instead of replacing your entire monthly wage, it is specifically designed to cover your mortgage payments. In some cases, it may offer a bit extra to help with bills and minor expenses.

MPPI policies usually have a limited pay-out period, typically up to 12 months or until you can return to work. Once you resume working, the payments will cease. For a comprehensive insurance review, feel free to reach out to a Protection Advisor in Sheffield at no cost.

Mortgage Guides & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at

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