Income protection insurance is a long term insurance policy that pays out if you are unable to work due to injury or illness. Serious illness is a great concern in itself, but the fear of being unable to earn, preventing you from keeping up with mortgage payments and other important financial commitments can cause further stress. This is why the Mortgage Centres are committed to helping our customers source the income protection insurance that they need, when they need it most.
Income protection insurance payouts are usually based on a percentage of your earnings. Normally, this is 50% to 70%, and payments are tax-free. Generally, income protection policies pay out once a pre-agreed period has passed, this can range from anywhere between 1 to 12 months. The Mortgage Centres team have been helping applicants source and successfully apply for income protection insurance for 20 years, and so have the expertise to advise you on and guide you through the process of obtain your policy.
The Mortgage Centres have offices in Ipswich, Stowmarket, Needham Market, Felixstowe and Woodbridge, meaning we are expertly placed to help applicants throughout Suffolk with their insurance policies. Each of our branches are well equipped to help you prepare and cover yourself against the potential for a loss of income, particularly whilst paying back mortgage repayments
The Mortgage Centres are fully committed to providing a professional service and the best income protection insurance options to all applicants who come through our doors. If you would like to learn more about the income protection insurance options available to you, then please get in touch with your local Mortgage Centre branch.