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Income protection insurance

Castle_Rock
Castle_Rock Posts: 215 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Insurance & life assurance
Hi, I was looking to get income protection insurance but I don't know where to begin.  I can't seem to find any articles on the site?!
I have just got life insurance through AIG so maybe they could help?
I only get 4 weeks full pay if I'm off sick so I'm keen to get something in place just in case.

Thanks
David.



Comments

  • MovingForwards
    MovingForwards Posts: 17,164 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Speak with an independent broker as they will advise of the appropriate policy for your personal circumstances.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Castle_Rock
    Castle_Rock Posts: 215 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Is there also much difference between income protection insurance critical illness cover?
  • dunstonh
    dunstonh Posts: 120,164 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Castle_Rock said:
    Is there also much difference between income protection insurance critical illness cover?
    Yes. There is virtually no overlap with the two.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • MovingForwards
    MovingForwards Posts: 17,164 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Castle_Rock said:
    Is there also much difference between income protection insurance critical illness cover?
    Yes, 

    https://www.criticalillness.org.uk/critical-illness-insurance-vs-income-protection.html
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Weighty1
    Weighty1 Posts: 1,213 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Just to make you aware, a good number of insurers are now writing corona virus exclusions automatically on any new applications received which are designed to start paying out after 4-8 weeks or less.  If this pandemic is your main concern you'll need to be pretty choosy about which insurer to use.  
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