Income Protection

Income Protection can provide a reliable income if illness or disability prevents you from working. We offer clear guidance to help you choose a policy suitable for your circumstances.

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Income Protection is designed to help safeguard your income if you are unable to work due to illness or injury. It provides ongoing financial support, helping you maintain your lifestyle and meet essential commitments during periods when you cannot earn an income.

What is Income Protection?

Income Protection is a long-term insurance policy that pays a regular monthly income if you are unable to work due to illness or disability. Payments usually continue until you return to work, the policy ends, or you reach your selected retirement age, following an agreed deferment period.

Unlike short-term Accident, Sickness and Unemployment (ASU) policies, Income Protection is designed to provide longer-term financial support. It’s important to note that Income Protection policies typically do not cover redundancy.

Key Benefits of Income Protection

  • Provides a regular monthly income if you cannot work due to illness or injury

  • Helps cover essential outgoings such as mortgage payments, household bills, and living costs

  • Payments are usually tax-free

  • Cover can continue until recovery or your chosen retirement age

  • Flexible options available to suit different budgets and circumstances

Is Income Protection Right for You?

Income Protection may be suitable if you rely on your income to support your lifestyle or financial commitments. State benefits alone may not be sufficient to maintain your standard of living during long periods of illness or incapacity.

As everyone’s situation is different, the level of cover, deferment period, and policy length should be carefully considered. Seeking professional advice ensures the policy aligns with your needs and financial situation.

Expert Advice You Can Trust

We provide a fully advised service, taking the time to understand your income, occupation, and personal circumstances. By sourcing policies from a range of insurers, we help identify suitable Income Protection options tailored to you.

From initial consultation through to policy setup, we support you at every stage, ensuring clarity and confidence in your protection planning.

Contact us today to discuss Income Protection and ensure your income is protected if the unexpected happens.

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Why Choose Us?

We provide personalised mortgage and protection advice to help you understand your options and make informed financial decisions.

Our experienced team supports you throughout your financial journey, offering guidance tailored to your individual circumstances and needs.

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Have Questions? Arrange a Consultation

If you would like to discuss your mortgage or protection options, please complete this form, and one of our advisers will contact you to provide guidance based on your individual circumstances.

     

    Your home may be repossessed if you do not keep up repayments on your mortgage or any loan secured against it.

    Wealth Financial Services Ltd is an Appointed Representative of Marklay Mortgages Ltd. (FCA reference number 930490), which is authorised and regulated by the Financial Conduct Authority. Wealth Financial Services Ltd is entered on the Financial Services Register under reference number 997684.

    Please note that the Financial Conduct Authority does not regulate some forms of Business Buy to Let mortgages or commercial mortgages arranged for limited companies.

    A fee may be payable for mortgage advice. The exact amount will depend on your individual circumstances and will be clearly explained and agreed with you before you proceed.

    The information and advice provided on this website is subject to UK regulatory requirements and is intended primarily for consumers based in the United Kingdom.

    Wealth Financial Services Ltd is registered in England and Wales (Company Number: 14754538). Registered Office: Crown House, Suite 302, 60 North Circular Road, London, NW10 7PN.

    Commission Disclosure: We are a credit broker, not a lender. We have access to a wide range of lenders and, following an assessment of your needs and circumstances, we will recommend a suitable lender and product. You are under no obligation to follow our advice or recommendations. We typically receive commission from the lender once your mortgage or loan completes. The commission is usually calculated as a percentage of the amount borrowed and may vary depending on the lender and product selected. The level of commission received does not affect the amount you pay under your credit agreement.

    Complaints Procedure: We are committed to providing a high standard of customer service. If you are dissatisfied with our service and wish to make a complaint, please contact: Compliance Department, Wealth Financial Services Ltd, Crown House, Suite 302, 60 North Circular Road, London, NW10 7PN or call on 020 8050 1856. If we are unable to resolve your complaint to your satisfaction, you may be entitled to refer it to the Financial Ombudsman Service.