DrewberryIP

For many years now I have been working in the income protection market as an adviser and broker. Long-term income protection plans cover the policyholders earnings from the risk or sickness or injury (often referred to as incapacity) all the way up until planned retirement.

Many people insure their houses and cars but forget to insure what pays for those other insurances, their income. This type of protection is the most comprehensive form of disability insurance, covering nearly any condition that prevents the policyholder from working with the own occupation definition.

An IP plan is most suited to professional individuals, such as directors and executives, who work in relatively low risk occupations and have large incomes to protect. Given the low risk nature of directors income insurance the premiums are often very attractive for these individuals.