Income Protection Insurance Advice
Safeguard your household income.
Blossomfield will assist you in searching and securing an income protection policy that works for you. If you become seriously ill or injured and cannot work, this type of cover will guarantee you a regular income to keep your household afloat and even maintain a high quality of life.
Call one of our income protection advisers today on: 0345 066 6555 or drop in to see us at our Birmingham office on Coleshill Road.
Understanding Income Protection Insurance
An income protection policy will pay the insured worker if they cannot go to work due to an illness or injury. These policies usually continue to pay out a percentage of the individual’s income until they are healthy enough to return to work, or in some cases, until they reach state retirement age.
The amount of money received is not likely to replace 100% of the worker’s income, but a proportion of it. This amount may decrease over time and as the worker gets closer to returning to work or retiring. For example, the policy may pay out 70% of income for the first six months and then drop to 50% for the next six months. The money is paid out in the same frequency that the worker is normally paid, usually each month.
Income Protection Insurance FAQs
How has the coronavirus pandemic affected income protection policies?
Due to the recent pandemic, many insurers have started to include terms and conditions making them not liable for payout in the event of a global health problem. However, not all of them have started including these conditions.
Can I get income protection if I’m self-employed?
Yes, it is possible to get income protection as a self-employed worker. You’ll need to search for income protection insurance for self-employed workers specifically. Our team has already helped lots of self-employed workers secure the income protection they were looking for.
How much of my income will it cover?
Income protection rarely - if ever - replaces all your employment income. Most policies will pay out around 50-70% of your income, which may decrease over time. The amount you get may also be determined by your salary.
Why Choose Blossomfield for Your Income Protection Cover?
Blossomfield has the professionals and credentials to ensure you are offered the most appropriate income protection insurance policies on the market. Whether you’re a doctor or a self-employed bricklayer, we help workers from all industries search and secure the policy they need.
Our experienced income protection insurance advisers are based in Birmingham, cover the whole of the UK, and will support you through the entire process. Call us today on: 0345 066 6555 or drop in to see us at our Birmingham office.
What our customers say about us
Blossomfield mortgages were very helpful to me and my partner when we first enquired about whether we were mortgageable to buy our first home. We were very impressed with their professionalism. Best mortgage broker in Birmingham!
Sam Ansell
Amazing service provided by Blossomfield in a quick and timely manner. No matter what questions we had they were always willing and happy to answer with their wide knowledge and experience. Would recommend Blossomfield to anyone.
Geraldene Marsh
Excellent service, quick turnaround, as promised. Will be using again and again. Would highly recommend Blossomfield Mortgages.
James Dean
Excellent service from Blossomfield Birmingham, they were able to sort a mortgage out for me very quickly and made the whole process simple and stress free, always available when needed and provided regular updates.
Jack Moriarty
I approached Blossomfield regarding a mortgage using there Birmingham branch and the service I have received has been nothing short of amazing their efficiency and passion to get everything done and approved in a professional manor is astounding.
Ryan James
Blossomfield Mortgages provided fantastic advice. Our mortgage approval went through very fast, as our mortgage was handled with the utmost urgency. From start to finish, the whole process was a breeze. We sat back and let them handle all the hard work.
Lewis Jewsbury
What our customers say about us
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Frequently asked questions...
Do I have to take out life insurance?
Do I have to take out life insurance?
Although it is not a legal requirement to take out mortgage protection insurance, we strongly advise considering it. Life insurance will protect your home for the recommended term, and it would give you the peace of mind that your family could remain in the property in the event of your death or serious illness.
I am self-employed. Can I have a mortgage?
I am self-employed. Can I have a mortgage?
Yes, our mortgage brokers at blossomfield have access to a wide range of lenders. This includes products specifically for people who are self-employed. We can't guarantee you'll always get what you're looking for, but we'll do our best to assist.
Will my employer be contacted?
Will my employer be contacted?
No, we will never contact your employer without your permission.
