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Income protection
As a Contractor you will be enjoying the freedom that your status provides but it is important to avoid the pitfalls that come from leaving full time employment. If you are unable to work for whatever reason then there is little by way of employee sick pay to rely on. Income protection (also known as Permanent health insurance or PHI) can bridge the gap and help to cover your expenses until you are back on your feet again.
What is income protection?
ContractorFinancials offer income protection plans that are tailored to your needs as a contractor.
A typical plan:
Will pay a tax free monthly income following a certain period of illness such as 3 months and will pay until you recover or reach your retirement age.
Offers a one day waiting period if you don't have access to any savings to bridge the gap.
Provides the peace of mind that you can maintain your lifestyle and protect your family should you be unable to work.
The advisers at ContractorFinancials understand your unique needs as a contractor and will ensure that they take key factors into consideration when advising you on your income protection policy such as the way you are paid, market instability, employment status and whether you work abroad.
For detailed information on your circumstances please call 0845 062 8888 or email excellium@contractorfinancials.com
Financial advice is given by ContractorFinancials, which is a trading name of ContractorFinancials Ltd and is regulated and authorised by the Financial Services Authority.
