Income Protection

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

What is it?

An Income Protection plan is designed to pay out a regular income in the event you are 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 quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.

There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. For professional information about insurance, please visit the website www.moneyadviceservice.org.uk

Who is it for?

This type of plan is designed for anyone whom is working (employed or self employed). It’s worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. As Financial Advisors we can help you find the plan that meets your requirements.

Copyright © 2018 Richmond Hill Financial Ltd. All Rights Reserved

Richmond Hill Financial Ltd, registered in England No. 05640805. Registered address. 71 High Street, Great Barford, Bedford, Bedfordshire, MK44 3LF. Registered in England and Wales. Company number 05640805


Richmond Hill Financial Ltd is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited are entered on the FCA register (http://www.fca.org.uk/register/) under reference 440703 and 440718.

To view our Privacy Statement please click here.

This site is only directed at persons within the UK. Calls may be recorded for training and monitoring.