Here at John Neville Insurances Limited we provide income protection to cover you against loss of income. If you have an illness or injury that prevents you from earning an income, income protection provides a regular payment of up to 75% of your lost income. Income protection is more commonly known as Permanent Health Insurance or Salary Protection Insurance.
Are you eligible for Income Protection?
To be eligible for income protection, you must be in full-time paid employment as a self-employed person, or as an employee or director of a company.
What does Income Protection cover?
Income Protection provides a salary if you are unable to work due to any illness, disability, injury or sickness.
How does Income Protection work?
Income protection provides up to 75% of your salary until you are able to return to work, or you have reached your selected ceasing age, whichever is reached first. The payments are made to you if you are unable to work your normal job and are not working at any other job for a set period of time.
When do I receive my benefits?
When arranging your Income Protection policy, you must decide what "deferred period" you require. The deferred period is the set period of time which you are unable to work before any payments are made, i.e. if you choose a deferred period of 13 weeks, then you must be unable to work due to any illness, disability, injury or sickness for 13 weeks before any payments commence. The deferred periods can be 4, 8, 13, 26 or 52 weeks. The longer the deferred period is, the more inexpensive your premiums will be.
How many times can I claim on this policy?
You can submit as many claims on your Income Protection policy as needed.
Why do I need Income Protection?
If you are unable to work due to any illness, disability, injury or sickness, how are you going to pay all your bills to keep on top of your debts? Income protection provides the salary you need to pay your bills and enables you to carry on with your lifestyle.