Can I insure 100% of my income if I fall ill?

We are all likely to have to take time off work because of illness but we know that we need to return before our employer stops paying sick pay to ensure we can keep paying our bills. If you knew you would receive full sick pay indefinitely would you really want to return to work? Probably not! In addition the proceeds of PHI policies are paid tax free. Therefore, insurance companies set a limit on what percentage of your income they will insure you for to ensure that you are not better off financially by claiming and as an incentive for you to return to work.

For further information on the differences between a number of different Income Protection polices you need look no further than the trained advisors at E J Folkard Financial Services. We want to help to save you both time and money by searching the Permanent Health Insurance market on your behalf to find you the best policy to suit your individual circumstances. Why not call us now and get a quote, it costs nothing. We offer a truly independent UK whole of market service.

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