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Income protection insurance is designed to replace a part of your lost earnings, helping to maintain important items of expenditure or, if you have selected an option such as our 'houseperson cover', to help you to meet any additional cost of running your home when illness or accident prevent you from working.
Under current legislation the sickness benefit you will be paid is tax free which means if you are a UK tax payer, the actual benefit you will receive at claim will represent a higher proportion of your after tax earnings than when you were working.
At Cirencester friendly, we aim to provide a flexible contract which you can tailor to your changing needs and take account of any other benefits you may receive from other sources when illness or accident stops you from earning your living.
Our contracts give you peace of mind because for the duration of the contract your benefit will stay the same no matter how many claims you make.
If you have selected the 'investment option' you will also be able to build up a cash sum payable at your selected retirement age tax free, under current legislation.
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