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Income protection insurance ensures a regular income in case you can’t work due to illness or disability, lasting until your return to work or retirement. It covers various conditions, anticipating your ability to resume work. If retirement age is reached without returning to work, coverage ends. Payouts are capped based on your salary. We can help you choose the right policy, tailor specifications, and assess if income protection suits your needs.
We offer a free insurance review for new and existing customers in Lincoln, conducted by our protection and mortgage advisors in Lincoln. . Considering the potential cost of Income Protection, especially with the possibility of multiple payouts, we recommend assessing the overall costs and coverage of existing policies.
When obtaining an Income Protection policy, understanding its coverage and terms is crucial. Our advisors in Lincoln will guide you through these details. During the review, our team will evaluate your personal and financial circumstances, including lifestyle, age, and medical history, to determine if Income Protection is the right choice for you.
At Lincolnmoneyman, we provide a complimentary insurance review for every customer, offering expert mortgage advice in Lincoln. We assess your personal and financial situation to determine if Income Protection is suitable, taking into account factors like lifestyle, age, and medical history, influencing monthly premiums.
Income Protection insurance can be costly, especially with a short deferred period. It’s advisable to evaluate total costs and coverage when you have other policies. Before obtaining your policy, understanding payout specifics and conditions is crucial, and our Protection Advisor in Lincoln will assist you with this.
Income protection insurance provides a monthly income if you’re unable to work, with options for continuous payments until you can return or a short-term version for a limited period per claim.
In the event of illness or disability, income protection insurance in Lincoln offers lump sum payments to assist with expenses like mortgage payments. A deferral period, determined when setting up the policy, may apply after a claim, allowing for employer sick pay consideration. A shorter deferral period typically results in higher costs.
Existing income protection insurance may be part of your employer’s benefits or obtained separately. Reviewing your employment contract can reveal provided policies.
If you have other coverage like Critical Illness, addressing specific conditions preventing work, income protection may be unnecessary, but reassessment is wise. Some rely on savings instead, but consider if it can cover unexpected emergencies and additional time off.
Evaluate whether your savings adequately cover living expenses during the required period and account for unforeseen emergencies, ensuring financial preparedness.
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4.99 Rating105 Reviews
Anonymous
We reached out to just see where we stood in regards to our borrowing limit and we’ve come out the other end with a mortgage offer and we are going down the route of getting out own home! This never would have been possible without the help of...
1 month ago
Mr Jamie
Daniel was very friendly, knowledgeable and explained everything to us in enough detail without being overwhelming. He gave gentle reminders for things that we had forgotten to do and got us a very good deal for our remortgage. Would highly...
1 month ago
Anonymous
We had a great experience arranging a remortgage with Dinah and Paula. Our situation was a little complicated, but we received very practical advice and they assisted us right through the process. It was all very straightforward in the end. Thank...
3 months ago
Anonymous
Excellent service. Jason has been very helpful and encouraging every step of the way, especially considering our complex circumstances. Easy to set up video calls to discuss matters and email communication has been very quick, detailed and achieved...
3 months ago
Charlotte
Charlie has been nothing but helpful, answers all questions thrown at him, takes the time to explain what everything means which has been hugely helpful as a first time buyer! It’s been a really quick and smooth process from the rest of the team...
4 months ago
Anonymous
Jason and Megan were absolutely brilliant! Both helping me through the entire process.
5 months ago
Hope
Matt & Paula have been so great and efficient in supporting us as first time buyers. Not once did we feel overwhelmed during the process which is great given that we came into this not knowing what to expect. Everything has been quick and efficient,...
6 months ago
Thomas
Matt was incredibly honest and helpful throughout the process even though he was aware I was speaking to a variety of advisors at my point of contact. His knowledge, responsiveness, and willingness to discuss options available to me, made him the...
7 months ago
Hannah
Matt and Stacey were really helpful in sorting our remortgage out. Matt was quick to get back to us when we had questions and Stacey was always on hand as support
7 months ago
Alexander
Dinah has always been available and communicated any changes or good advice we needed. We really appreciate your support
8 months ago
Emma
Quick, efficient, informative service
8 months ago
Milly
Charlie Bryson has been fantastic, supporting me as a first-time buyer from getting an agreement in principle to viewing houses and then through to a mortgage offer in just two weeks! It was a pleasant surprise to find a broker who could explain...
8 months ago
Tori
My mortgage broker was Leo! He’s always been amazing and Iv been dipping in and out for a few years. He really helped me and found the best deals and explain everything I didn’t understand. He was always there on hand and if he had any...
8 months ago
Matthew
Very quick and helpful service.
9 months ago
Andrew
Very helpful and efficient
1 year ago
Michael
Had the good fortune of having Louise H handling our mortgage/sale and she was fantastic throughout. Often filling gaps in communication from our solicitor and regularly engaged from start to finish.
1 year ago
Gordon
I used Lincolnmoneyman when the Nationwide seriously let me down with their offer of a mortgage. Dan Osman was immediately helpful and explained the system and facilitated the set up of our equity release mortgage. With the help of his assistant...
1 year ago
Jordan
‘Great service as usual’
1 year ago
Justin
Daniel was so helpful, he gave us several options despite the worst time to change mortgages! We highly recommend them.
1 year ago
Gareth
Chris and Debbie provided an excellent customer service and their knowledge and expertise in the Specialist lending market was second to none. Both have an easy, friendly manner and they went more than the extra mile to ensure our dream home became...
1 year ago
Please speak with a dedicated protection advisor in Lincoln to discuss the potential insurance options that are relevant to your needs. Alternatively, you can consider listening to our recommendations.
We will meet your available monthly budget and create a tailor-made plan that surrounds your current personal and financial situation.
Once we have found the right product for you and you are happy to continue, we will submit your application to the provider. Occasionally, the policy provider may return to us for further information before they will consider accepting the application.
If you have also taken out your mortgage with us, we will contact you again at the time of the remortgage. We will also take this time to look at any policies you have in place.
We offer all new/existing customers a complimentary protection review where we will examine any current policies you have and assess their suitability. Afterwards, we will suggest which products, such as critical illness income protection and/or life insurance, align with your requirements. If necessary, we will tailor the plan to fit within your monthly budget.
Your protection advisor in Lincoln will consistently provide clear and transparent mortgage advice in Lincoln. Throughout the process, they will work on your behalf to find the most suitable arrangement based on your personal and financial circumstances.
As a mortgage broker in Lincoln, with over 20 years of experience in the mortgage and protection industry, we have assisted numerous customers in acquiring Income Protection products in the past and we could assist you next!
Our protection and mortgage advisors in Lincoln are dedicated to ensuring your protection and securing the appropriate policy that will provide financial assistance when it is most needed.
This Income Protection covers unforeseen events impacting your finances, like accidents, illnesses, or unemployment. It provides tax-free monthly lump sum payments for 12 to 24 months, supporting you during illness, accidents, or job loss until you can return to work. Once paid out, you have flexibility in using the money.
The coverage extends to regular monthly debt repayments such as loans, mortgages, and credit cards, especially if you’re unable to pay due to inability to work. You specify the coverage duration when taking out the policy, typically designed for short-term protection.
For mortgage-related financial challenges, Mortgage Payment Protection Insurance (MPPI) can cover your mortgage payments for up to 12 months or until you return to work. While it may not replace your full income, it can assist with bills and minor expenses, with payments ceasing upon your return to work.
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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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