Common Income Protection questions.
Please contact us with your Income Protection query
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Should I get Income Protection?
Ask yourself if you have enough savings to cover your income, should you find yourself unable to work through disability or ill-health. Could you survive on State Benefits alone? If not, then we recommend that you take out Income Protection.
Will I need a medical when applying for Income Protection?
Some Income Protection providers may require you to have a medical before they agree to cover you. Others may request a GP report.
Can you have two Income Protection policies?
We strongly recommend taking professional advice before taking out additional protection. There is a risk of being over-insured and paying for cover that you may not be able to claim on.
In the event of a claim, how would the insurance claim be paid?
The income from a claim will be paid directly into your bank account. This will be paid either up to a specified age, or to retirement, whichever was selected at the outset.
How long does it take to set up an Income Protection policy?
Where the client is below a certain age, in good health and is applying for a sum assured below a specified level, a policy could be applied for online. Cover could also start as soon as terms are accepted by the applicant.
The Income Protection Process
Working with HB Partners
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An informal introductory conversation
Our protection experts will ask you about your circumstances. Once these have been ascertained, we will take you through the options available to you. We will address the conditions covered, and what level of cover you need.
We will identify the most appropriate Income Protection product to suit your circumstances.
Our Expert Recommendation
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Discover the right Income Protection for you
Our experts will calculate the amount of cover required, then compare the relevant providers who meet your needs. We will then discuss these options with you and make our recommendations as to which provider and policy is most appropriate.
Once you are ready to proceed, we will submit an application on your behalf. We will take care of all of the paperwork, and keep you updated at every stage on how your case is proceeding, right through to completion.
Full Application
An Income Protection policy is one of the most important insurances that you can consider as, without your income, your lifestyle could change dramatically. Some of the most common conditions covered are
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Meet the Team
WHAT IS THE MAXIMUM INCOME PROTECTION BENEFIT?
The maximum cover you can have is up to 70% of your gross income. However, as the benefit paid is tax-free, you can replace a high percentage of your income should you need to claim.
WHAT IS THE AVERAGE COST OF INCOME PROTECTION INSURANCE?
The cost of an Income Protection policy is calculated from several factors, such as age, lifestyle, health, work, whether you smoke.
WHAT DOES INCOME PROTECTION NOT COVER?
Income Protection does not cover illness or injury lasting less than the policy's deferred period. It will not pay out indefinitely for disability. You will not be covered in the event of redundancy or dismissal.
HOW CAN I PROTECT MY INCOME?
An Income Protection Policy is designed to protect your income if you are unable to work as a result of disability or ill health.
Frequently Asked Questions
If you have a specific question, click the button below, and we will do our best to answer this for you.
Why use us?
We don’t sell. We listen objectively and identify financial risks which allow us to put in place the best insurance policy available.
We have over 25 years' experience in the mortgage industry, offering a wealth of knowledge and the highest standards of professionalism.
We have access to technical insurance portals to analyse the best providers and policies across the whole of the market.
We provide expert professional advice to homeowners and first time buyers on mortgages, remortgages and buy to lets.
Where necessary, we have direct access to senior underwriters in some of the biggest insurance providers in the UK.
We are qualified to advise you on your equity release requirements.
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What our clients say
Mark Culham
Adviser & Co-Founder
Steve Jascourt
Adviser & Co-Founder
"I get satisfaction about having ‘real’ conversations with people about why having the right cover in place is so important. I also take a lot of comfort from knowing that our clients are covered should the worst happen."
“Arranging mortgages for my clients impacts positively on their lives, and gives me immense job satisfaction. When a client returns for repeat business, or refers family and friends to me, I know that I have done a great job.”
