in Income protection | Bespoke Financial (West Yorkshire) Ltd

Income protection insurance

Income protection is designed to pay a monthly cash sum if you are unable to work. For example, this may be due to an accident, bad back or sicknesses such as flues or viruses. Income protection also protects against more serious illnesses like cancer and heart attacks.

The amount paid per month depends on the provider. This is normally calculated as a percentage of your gross earned income. However, you can choose the amount you require up to this limit. In addition you can also select a benefit period which can be either long term (Pays out for up to 5 years or retirement) or short term (Pays out for 1 or 2 years).

Some clients choose a deferred period to suit their needs (A deferred period is the period after a claim is made before you will start to receive benefit). This is normally when people have savings, or receive sick pay from your employer. We can adjust the deferred period to suit your needs. For example 1 day, 1 week, 4 weeks, 8 weeks, 3 months, 6 months or 12 months depending on the provider.

Income protection will pay you a regular monthly benefit if you are off work due to an accident, sickness or redundancy.
You can choose the amount of monthly benefit you need (depending on provider). This is mainly calculated as a percentage of your gross earned income.
We will provide cover to pay you a regular monthly benefit. This can be from day 1 or deferred to suit you.


Contact our team now for FREE protection advice. We have many clients in Halifax, Huddersfield, Bradford, Leeds, Keighley and throughout West Yorkshire. We can arrange a face to face meeting or telephone appointment.