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Income Protection Insurance offers long term financial security
by providing a replacement income in the event of a prolonged illness
or disability preventing you from working. Payment is made after
you have been off work with a sickness for a specified period, provided your income
has stopped or fallen. It continues until such time as you are able
to work again, or until the plan termination date. Under present
legislation the benefit received is not subject to tax and your
tax allowances will not be affected.
The contracts available from different companies can vary widely
in the type of cover provided and cost. Some contracts offer guaranteed
cover; under these plans the rate at which premiums are payable
is guaranteed by the insurance company, for as long as you maintain
contributions. In the long term this can be an extremely valuable
feature.
Please contact us to arrange a meeting if
you wish to discuss your protection requirements.
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