Income Protection

An Income Protection plan is designed to pay out a regular income in the event that you may be unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).

This type of plan is designed for anyone who is working whether employed or self-employed. Even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is important.

At Carter Lee, we will not only source a tailor made income protection plan for you; but we will also ensure it can be adapted to fit in with any existing protection plans you might already have.

For more information about income protection plans, call Carter Lee on 01792 416260 or email us with your specific enquiry at info@carterleefs.co.uk.

Family Income Benefit Protection

A family income benefit protection policy will provide your dependents with a monthly income, rather than a lump sum, when you die. The monthly income continues for the remaining term of the policy.

These plans are available along with critical illness cover and there are both long and short term policy options for single or joint applicants.

The benefits of a family income benefit protection plan include the provision of income for a surviving spouse or partner or funds to bring up children.

It is important to note that the policy term is fixed at the outset and can’t be changed.   As the plan is fixed term, it does not take account of inflation unless you opt for a policy where the premiums and sum assured increase every year with the Retail Price Index.

The experienced protection team at Carter Lee will always look for the most suitable option that protects your family when you are no longer there do so yourself.  We will give you advice on the most appropriate plan in terms of length and if other plans are required too.

For more information about income protection plans, call Carter Lee on 01792 416260 or email us with your specific enquiry at info@carterleefs.co.uk.