Income protection
If your income stopped tomorrow, what would you do?
Your income is the foundation of your lifestyle. Everything from your mortgage payments to your weekly shop is built on a regular income. It doesn’t just pay for current needs but your future requirements too, well into later life and a full and active retirement.
Without an adequate income, you could be risking your home,
your car and the standard of living to which you have become
accustomed – in fact everything that you value most.
NFU Mutual’s income protection products offer invaluable protection and peace of mind. Both offer tax-free monthly income and can be protected against inflation.
Choose from two types of policy at NFU Mutual:
-
Personal Income Protection Policy. This
provides the perfect buffer if you’re employed or
self-employed full-time. It will give you financial and
practical support if illness or injury prevents you from
working for a specified period of time. You can insure
up to half your gross annual earnings and may also be able
to receive State Incapacity Benefit on top.
You will receive a monthly benefit as well as access to
specialist medical advice and rehabilitation services.
The cover will last until you can return to work, the chosen
term ends or you die. And if your illness recurs within
a year of returning to work, your cover will restart immediately.
-
Essential Abilities Policy. This is for
people who don’t have a full time paid occupation
or who perform a job or activity that can’t normally
be covered by a standard income protection policy. It doesn’t
look at your earnings or your ability to carry on working,
instead it provides a regular monthly benefit (tax-free)
if you suffer an illness or injury that means you are unable
to perform a number of specified basic daily tasks.
For both types of policy you should review your level of cover regularly to keep it in line with your earnings or your needs, otherwise when you come to claim, your cover may be less than you need. You should also be aware that the tax-free treatment of these policies could change in the future.
The food that’s on your table,
that feeds your family,
that you share with your friends,
was bought with your most important asset.
Your income.
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Insurance
