http://www.artwoo.com Returned search results for income protection insurance Copyright 2008 Fri, 21 Nov 2008 05:54:47 +0000 http://www.artwoo.com/rss/income+protection+insurance http://www.artwoo.com/article/income-protection-insurance-in-the-uk http://www.artwoo.com/article/income-protection-insurance-in-the-uk#comments Sun, 31 Dec 2006 08:27:05 +0000 income protection insurancebeneficialcritical illness insuranceinsurance policyself employedpermanent health insurancetypes of insurance policies http://www.artwoo.com/article/income-protection-insurance-in-the-uk Income Protection Insurance is one of many types of insurance policies available in the UK.

Income Protection Insurance is also known as Permanent Health Insurance or Income Replacement Cover.

This type of policy comes in many variances but in its simplest form it is a policy that pays out an income in the event of the insured being unable to work through accident or illness.

Income Protection Insurance is available in the UK from many insurance companies to both the employed and self employed. Such a policy pays out part of your income in the event of you being unable to work through accident or illness after a waiting period until you either go back to work, die or retire. Income Protection Insurance is different to Critical Illness Insurance as the latter normally pays out a lump sum in the event of you being diagnosed with a specific critical illness.

Income Protection Insurance is particularly beneficial to the self employed as, in the event of them being unable to work through accident or illness, their income will often cease immediateley whereas an employed person will often be paid by their employer for several weeks/months in such an event. Therefore an employed person would not need the policy to pay out until they stop being paid by their employer but the self employed would often need the policy to pay out more quickly. The quicker you need to receive the income from an Income Protection Insurance policy in the UK the more expensive the policy costs.

If you require Income Protection Insurance to pay out until say age sixty five rather than to age sixty then the cost would be greater.

What you do for a living will affect the cost of an Income Protection Insurance policy in the UK- ie an electrician is statistically more likely to suffer an accident than say an accountant and therefore the former will pay a higher premium.

Obviously the level of income that the policy pays out will affect the premium of an Income Protection Insurance policy- the greater the income the higher the premium. There are limits on the percentage of your income you can insure.

There are a number of other options often available that need to be considered -ie are the premiums guaranteed throughout the term of the policy or reviewable after a number of years. Are there any exclusions from the policy paying out-ie due to self inflicated injuries.

Having Income Protection Insurance in the UK or not having such insurance could provide the difference between having a reasonable standard of living or struggling on benefits in the event of you suffering an accident or illness.

As with many insurances- the choice is yours as to whether you arrange such cover! Alan Hope runs a lifestyle management and concierge service business for both UL and Overseas clients. Visit his website at http://www.arrangeitlifestylemanagement.co.uk/id185.html ]]> http://www.artwoo.com/article/income-protection-insurance-can-be-your-safety-net http://www.artwoo.com/article/income-protection-insurance-can-be-your-safety-net#comments Sun, 20 Jan 2008 07:20:01 +0000 mortgage payment protection insuranceincome protection insurancepayment protection insurancemortgage payment protectionsimon burgessstreet lendersbritish insurance http://www.artwoo.com/article/income-protection-insurance-can-be-your-safety-net Income protection insurance can be your safety net if you should find yourself out of work through suffering from an accident, being off work long term sick or finding yourself unemployed through no fault of your own. It can bring peace of mind that you would have the money each month to carry on living your lifestyle in the manner you are accustomed and pay your essential outgoings.

Income protection insurance can, providing you have made sure that a policy is suited to your circumstances, give you a tax free income once you have been out of work for s set period of time. The period you have to wait before you can make a claim is determined at the time of taking out your policy and typically can be anywhere between the 31st day of being out of work up to 90 days. Once the cover has started you would then have an income each and every month you were out of work for up to 12 months and with some providers for up to 24 months.

While the cover can be a great product to have, you do have to ensure that it would be suitable for your circumstances. All income protection insurance policies do have exclusions and these can be found in the small print of a policy, some of the most common reasons included are if you are only working part time, suffering from an illness at the time of taking out the policy or if you are retired.

You do have to be careful when buying income protection insurance and the best way to buy the cover is with a standalone provider of income protection insurance. Beware of the high street lenders when thinking of buying payment protection cover as the cover is generally dearer with little or no advice given. The specialist will always give you the best deal and this means that you get the cheapest premiums along with the best advice. Simon Burgess is Managing Director of the award-winning British Insurance (http://www.britishinsurance.com), a specialist provider of low cost income payment protection insurance (PPI), mortgage payment protection insurance (MPPI) and loan payment protection insurance. ]]> http://www.artwoo.com/article/income-insurance-could-provide-for-you-if-you-lose-your-own-income http://www.artwoo.com/article/income-insurance-could-provide-for-you-if-you-lose-your-own-income#comments Tue, 29 Jul 2008 01:43:28 +0000 income protection insurancepayment protection insuranceincome insuranceretirement agemoney taxgrocery billmortgage lender http://www.artwoo.com/article/income-insurance-could-provide-for-you-if-you-lose-your-own-income mortgage lender would expect you to pay your mortgage as you always have. The same would go for your other bills such as heating, lighting and the grocery bill. If you want something to rely on then you need to consider income insurance.

When you look into income insurance you will find that are two products of similar names, income payment protection and income protection insurance. While both pay out they do so in different ways. Income payment protection is the insurance that would allow you claim a sum of money, tax-free, if you should become unemployed or suffer from an accident or illness.

Income protection insurance would payout if you were to suffer from an illness or accident that meant you were unable to work but it would not cover unemployment. This policy will pay out for a lot longer than income payment protection; in fact it would continue providing for you right up to retirement age.

Income payment protection on the other hand would provide an income for you between the 30th and 90th days of accident, sickness or unemployment. It would then continue giving you an income each month for between 12 and 24 months depending on the provider you take the policy with. Some providers will also backdate your cover to the first day of you being unemployed or of being made redundant. The cost of the policy would be reflected in how much you wanted to insure of your income and your age when taking on the cover.

By taking out income payment protection insurance and having this behind you there would be no worry of getting into arrears with your mortgage. Even if you get behind on your mortgage by just one missed payment then you would have to talk with your lender. They would want to know when you would be able to catch up on the arrears and of course at the same time keep repaying the payments. If you have not got the money then making an agreement would be impossible. With income payment protection behind you, there would be no problem and of course no worry of losing your home.

Income insurance taken from a standalone payment protection specialist is the cheapest way to take out your policy and they will provide you with all the information needed for you to ensure that a policy would be suitable. There are exclusions in all policies and they are dependent on the provider with some adding in more than others. However as long as you read the small print, then you would have a policy that you are able to fall back on if and when you needed it.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income insurance.]]> http://www.artwoo.com/article/income-insurance-mortgage-protection-explained http://www.artwoo.com/article/income-insurance-mortgage-protection-explained#comments Tue, 29 Jul 2008 01:57:24 +0000 income protection insurancemortgage repaymentsaccident sickness and unemploymentinsurance mortgageincome insuranceretirement agemortgage protection http://www.artwoo.com/article/income-insurance-mortgage-protection-explained insurance mortgage protection is sold as income payment protection and along with providing you with an income to cover your mortgage repayments it would also help you to keep on top of all other outgoings. It is part of a family of payment protection polices and it should not be confused with a similar named protection policy called income protection insurance.

Income protection insurance would also enable you to keep paying your mortgage and all other outgoings. However the terms of the policy are very different from income payment protection. With income protection insurance you would not be able to claim on the policy if you were made redundant. You would be able to put in a claim if you were to find yourself not being able to work after becoming ill or if you were to be involved in an accident. One of the biggest differences between the two policies is when it would payout and for how long. With income protection insurance you would have to wait longer before the policy would start but when it did it would continue to payout for up to retirement age if it was needed.

Income payment protection is taken out as a short term solution to losing your income due to accident, sickness and unemployment. The policy would payout depending on the terms set out by your chosen provider. Some providers would begin to pay you benefit that was tax-free once you had been unemployed or incapacitated for between 30 and 90 days. Once the policy had commenced it would pay for a period of time and then it would cease. This again is dependent on the provider and is usually between 12 months or 24.

Income insurance mortgage protection as the name suggests, is there to ensure that you would be able to keep up with your biggest outgoing, your mortgage. You would not have to worry about the lender seeking to repossess your home if you cannot come to an agreement. While lenders will usually do there best to help you in the short term if you cannot show when you would be able to catch up or if you continue to miss payments then the lender could take you to court to take possession of your home.

If you had loan repayments each month that you had to keep up with then you would also be able to use the policy to continue paying these. You would be able to avoid earning yourself a bad mark against your credit file. If your credit rating was affected by missing loan repayments then getting credit of any kind in the future could be almost impossible. In the worst case the lender could take you to court and this could mean you would gain a County Court Judgement against you. You would of course be able to continue meeting all other payments which generally kept the home running and would not have to worry about where you would find the money to feed your family. Income insurance mortgage protection would allow you to concentrate on finding work again or to get well and get back to your job.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income insurance mortgage protection.]]> http://www.artwoo.com/article/income-insurance-mortgage-payment-protection http://www.artwoo.com/article/income-insurance-mortgage-payment-protection#comments Wed, 30 Jul 2008 14:50:15 +0000 mortgage payment protectioninsurance mortgageincome insuranceprotection specialistshead above wateroutgoingsindependent provider http://www.artwoo.com/article/income-insurance-mortgage-payment-protection head above water for a couple of weeks, it would be almost impossible for months. One way of protecting your mortgage and other outgoings is by taking out income insurance mortgage payment protection.

A policy can be taken out with an independent provider and this is the cheapest way of securing against an unknown future. All policies offered by standalone payment protection specialists would have exclusions in them. These are what you need to check to be sure of eligibility. It is essential that you compare them along with cost of the premiums as each provider can put in different exclusions with some being frequently found in all cover. If you then had to make a claim on the policy you could do so after a set amount of time and receive the income you insured against as a tax-free payment.

The terms and conditions of the income insurance mortgage payment protection policy are also where you can find when the cover starts to payout and for how long. Some providers would payout on your policy once you had been unemployed or incapacitated for 30 days, while with others you might have to wait for anything up to the 90th day. How long you would be able to claim would also depend on the provider. Some will payout on the cover for 12 months while other providers might offer a payment each month for 24 months. How much you would payout in premiums each month would be based on the amount of your income you wished to protect and your age. If the policy you take out is based on age, then the younger you are the bigger savings you are able to make.

Income insurance mortgage payment protection should not be confused with income protection insurance. Income protection insurance is a very similar type of policy that can be taken out to protect your mortgage repayments and other outgoings. While this is also a very valuable form of protection the terms and conditions of it are totally different. Therefore you have to decide which form of protection for a lost income would be the most suitable based on your circumstances. Income protection insurance would also supply you with an income if you were to lose your own, however it would do so for a lot longer period than income payment protection. This policy would payout to you for up to retirement age if it was needed. You would have to wait for longer before the benefit would begin though, and there are also many other terms and conditions which would have to be met for you to be eligible to take on the policy.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income insurance mortgage payment protection.]]> http://www.artwoo.com/article/protect-against-the-unknown-with-unemployment-insurance http://www.artwoo.com/article/protect-against-the-unknown-with-unemployment-insurance#comments Mon, 29 Oct 2007 02:30:00 +0000 mortgage payment protectionpayment protection insuranceloan payment protectionunemployment insuranceincome protection insurancemortgage repaymentsloan repayments http://www.artwoo.com/article/protect-against-the-unknown-with-unemployment-insurance unemployment insurance can be a great asset to have in case you should find yourself without an income due to coming out of work through accident, sickness or unemployment.

Unemployment insurance consists of policies that will give you an income so that you can carry on paying your essential outgoings such as your mortgage, loan repayments and day to day living expenses. The family of payment protection insurance policies consist of loan payment protection, mortgage payment protection and income protection insurance. All unemployment insurance policies have exclusions in them which could mean that they wouldn't be suitable for your circumstances and these are found within the small print. The most usual exclusions which would prevent you from claiming are if you are retired, self-employed, suffer from an illness at the time of applying for the policy or if you are only in part time employment.

The cost of unemployment insurance premiums does vary but if you go with a specialist in payment protection insurance then you will get the premiums much cheaper along with the key facts and information you need to make sure that the product is right for your circumstances.

If you want to protect your mortgage repayments then mortgage payment protection could give you an income after you have been out of work for a pre-defined period of time which can vary between 31 days and 90 days of being out of work continually. The cover would then continue to provide you with a tax free income for up to 12 months and with some providers for up to 24 months which means you have peace of mind and security while you recover and get back to work.

If you want to carry on paying your loan repayments then loan payment protection gives the same income to pay your loan repayments and make sure you don't get into debt and income protection will give you the money to carry on paying your essential outgoings.

Unemployment insurance can be a lifeline and it can work if you ensure that you would be eligible to claim. Simon Burgess is Managing Director of the award-winning British Insurance (http://www.britishinsurance.com), a specialist provider of low cost income payment protection insurance (PPI), mortgage payment protection insurance (MPPI) and loan payment protection insurance. ]]> http://www.artwoo.com/article/loan-protection-insurance-can-help-to-keep-you-debt-free-if-you-should-lose-your-income http://www.artwoo.com/article/loan-protection-insurance-can-help-to-keep-you-debt-free-if-you-should-lose-your-income#comments Fri, 14 Dec 2007 22:20:05 +0000 loan protection insurancemortgage payment protection insurancepayment protection insurancemortgage payment protectionloan payment protectionsimon burgessloan repayments http://www.artwoo.com/article/loan-protection-insurance-can-help-to-keep-you-debt-free-if-you-should-lose-your-income loan repayments to make each month and worry how you would continue to repay them if you should suddenly lose your income through having time off work due to accident, sickness or becoming unemployed, then loan protection insurance is the solution.

A loan protection insurance policy would give you an income with which you could continue to meet your loan repayments each month after you had been out of work for a certain length of time. The waiting period for claiming depends on the provider and this can be from the 31st day of being out of work right up to the 90th day and the majority of policies are then backdated to day one. Once the policy has started then it would continue to give you a tax free income for up to 12 months and with some providers for up to 24 months.

All loan protection insurance policies do have reasons which can stop you from claiming against them and some of the usual include if you are suffering from an illness or have been within the last 2 years, if you are retired or if you only work in part time employment. It is essential that you do check the exclusions in any loan protection insurance policy you are interested in as exclusions can vary slightly from provider to provider.

Loan payment protection insurance can help to stop you from getting into debt and the best way to purchase the cover is with a standalone provider who can not only offer you some of the cheapest premiums for the cover but also the advice that you need to be able to make an informed decision regarding the suitability of loan protection insurance for your circumstances before you buy the product. If you are in doubt over the policy's suitability then always be sure to take advantage of the specialist's expertise and ask questions. Simon Burgess is Managing Director of the award-winning British Insurance (http://www.britishinsurance.com), a specialist provider of low cost income payment protection insurance (PPI), mortgage payment protection insurance (MPPI) and loan payment protection insurance. ]]> http://www.artwoo.com/article/income-protection-insurance-supplies-a-replacement-income http://www.artwoo.com/article/income-protection-insurance-supplies-a-replacement-income#comments Tue, 29 Jul 2008 01:22:30 +0000 income protection insurancepayment protection insuranceretirement ageoutgoingsstreet namesexclusions12 months http://www.artwoo.com/article/income-protection-insurance-supplies-a-replacement-income income protection insurance and the other is income payment protection. Both are different despite similarities so you have to make sure that you are taking out the right one for your circumstances before going ahead and signing up for the policy.

Income protection would supply you with a replacement income if you were to suffer an illness or an accident that meant you could not work. The policy would payout a replacement so that you were able to keep up with all your essential outgoings each month. It would begin after the time stated in the terms and conditions of the policy which can be some considerable time. However it would provide you with an income once it had started to payout for anywhere up to the age of retirement if you were unable to return to work.

Income payment protection would also provide you with an income to replace your lost one but it would also payout if you should become unemployed due to such as being made redundant. It would also provide you with your income much sooner than income protection insurance would. The majority of providers state in their terms and conditions somewhere between days 30 and 90. However it would not payout until retirement age. Policies usually provide you with your income for between 12 months and 24 month, again this is set out by the individual provider.

You would have to check the terms and conditions of policies as each provider offers different terms and also different exclusions. Some providers will add in only a few exclusions while others could put in a great deal more. These have to be compared against your circumstances so that you would know whether a policy would be suitable before you take it on.

Income payment protection insurance is often offered when you take out a loan or credit card with the high street lender. This has been a cause for concern after the 2005 investigation which revealed that several well known high street names had mis-sold policies to those who could not hope to claim against the policy. This included individuals who were retired or who were not in full time work. Policies are also known to be very expensive and in some cases added into the borrowing and then have interest added in on top. This of course boosts up which was once a cheap loan considerably.

Income protection insurance and loan payment protection are both valuable forms of protection in their own right, but it is essential to be able to distinguish between them. The best way of gaining the information needed and to take out the policy is with a standalone payment protection specialist. In some cases you are able to make savings of up to 80% on your loan payment protection policy with an independent payment protection specialist. Always check over the terms thoroughly before signing up for your policy and you will have something to fall back on which would allow you to be able to maintain all your repayments.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income protection insurance.]]> http://www.artwoo.com/article/how-income-protection-can-save-your-family http://www.artwoo.com/article/how-income-protection-can-save-your-family#comments Fri, 12 May 2006 00:32:07 +0000 income protection insurancesudden illnessillness or injurybread winneremployee protectionincome earnerincome loss http://www.artwoo.com/article/how-income-protection-can-save-your-family sudden illness or injury from an accident happens to you as an employee it may mean that you can not earn a living for a period of time. If you own a company and it happens to a member of your staff, it can cause plenty of havoc and anxiety at an organization, even in the most stable and established company.

Many people are too busy earning a living, so much so that they hardly have the time to stop and think of the possible dangers, of what would happen to them and their families and dependants if they were not able to work for any reason. They continue with life oblivious of the dangers that they expose themselves to by not taking any precautionary measures. Precautionary measures are mainly in the form of insurance cover. In particular we are talking about Income protection insurance here.

Group income protection insurance is a cover that offers both the employer and the employee protection against sudden illness or injury on the employee that would incapacitate them or make him or her unable to work. Group Income protection covers a portion of an employee's salary should illness or injuries prevent eligible employees from working.

Although both the employer and the employee suffer serious consequences in the event of the employee being unable to work for extended periods of time, most people do not realize just how serious it can be to the employer as well. This is precisely the reason why Income Protection Insurance not only makes sense but provides a number of key advantages to both parties who come under the umbrella of such a cover.

Any sole family bread winner or income earner is bound to feel much more comfortable and secure about their future and that of their family after they have taken out some form of income protection insurance. It really does not matter how basic an insurance policy somebody takes out, as long as it takes care of income loss.

If you have any doubt about getting income protection cover or not; learn more on my website.

Thank you for your time. More information about http://www.income-protection-e.com and how it can benefit you and your family, on this website. Check it out! ]]> http://www.artwoo.com/article/income-protection-insurance-and-income-payment-protection-the-differences http://www.artwoo.com/article/income-protection-insurance-and-income-payment-protection-the-differences#comments Wed, 10 Sep 2008 00:15:41 +0000 income protection insurancelifestyle incomeoutgoingsfood on the tabledrastic changesbad credit ratingarrears http://www.artwoo.com/article/income-protection-insurance-and-income-payment-protection-the-differences income protection insurance you would be guaranteed a tax-free replacement income up to the age of retirement if necessary, providing you had checked the exclusions. Your income would payout in the case of you becoming unable to work after becoming ill or suffering from an accident or illness. However it would not payout if you became a victim of redundancy. If you want to protect for this then you need income payment protection.

Protecting your income makes a great deal of sense when you consider how much you rely on it. One of the main outgoings that all homeowners have to make is their mortgage and if you cannot then you are risking losing your home to the lender. Just one missed payment will see them sending out a letter and if you continue and cannot catch up on the arrears while also paying your regular payments they will take you to court. Of course there are also many other factors where your monthly income would be missed.

If you have loan or credit card repayments to keep up with then where would you get the money if you did not have an income? If you had taken out a secured loan against your home then again your home is at risk. If unsecured arrears occur the lender could take you to court and you could have your belongings taken to pay what you owe the lender. At the very least you would earn a bad credit rating and as all lenders look at this first when deciding whether to approve you for the loan or not, the chances of you getting credit are very slim. Income protection insurance and income payment protection would allow you to pay all of these without worry.

You would also be able to meet all other outgoings such as keeping food on the table and paying for the heating and lighting in your home. You would not have to worry about cutting down and making drastic changes to your lifestyle. Income payment protection would payout from between the 30th/90th day of you becoming unemployed or incapacitated and would then continue for between 12/24months, providing you with a payment each month. After this period of time it would then cease as it is assumed you would have had time to recover of find work again. However income protection insurance would pay far longer after a longer deferment period.

It is essential not to get income protection insurance and income payment protection mixed up as they are two different policies. Income payment protection is the insurance you need if you want to claim over the shorter period and claim against accident, sickness and unemployment. All policies are cheaper when taken out with a specialist offering payment protection as opposed to taking on the policy with the lender on the high street. Premiums for payment protection policies are usually based on the amount of income you want to insure against and age. All providers will set a limit as to how much of your monthly income you are able to insure against and this is found in the terms before taking out the policy.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income protection insurance.]]> http://www.artwoo.com/article/home-farm-and-business-insurance http://www.artwoo.com/article/home-farm-and-business-insurance#comments Thu, 21 Dec 2006 00:27:06 +0000 income protection insurancefarming businessinsurance policiesinsurance policybusiness managementweather conditionsgross income http://www.artwoo.com/article/home-farm-and-business-insurance
Since farms are a business, they must be managed as businesses are managed. This means farmers need to be educated in business management, and one of the most important tools for business management is purchasing insurance for the business. One of the key insurance policies to practice good business management for a farm is to purchase an insurance policy that provides income protection.

There are many unpredictable factors when it comes to the farming business, and many of those factors can cause an increase or decrease in the amount of profit your farm brings in. For example, even various weather conditions can impact your gross income.

If you own a farm and are looking to protect your farm with smart business management, consider purchasing an insurance policy that provides income protection. An income protection insurance policy will protect your farming business and its gross income in the event that prices or yields fall.

Look for insurance companies that specialize in income protection insurance policies for farmers and their farms. You may even want to consider purchasing an income protection insurance policy from an insurance company that only sells income protection insurance policies. By purchasing from a company that focuses solely on income protection insurance policies, you can be sure you're purchasing from the experts. http://www.ezquoteguide.com/home http://www.ezquoteguide.com/health http://www.ezquoteguide.com/car/ ]]> http://www.artwoo.com/article/uk-mortgage-payment-protection-insurance-understanding-a-policy-is-essential http://www.artwoo.com/article/uk-mortgage-payment-protection-insurance-understanding-a-policy-is-essential#comments Thu, 01 Nov 2007 00:15:02 +0000 mortgage payment protectionmortgage payment protection insurancepayment protection insuranceuk mortgagemortgage repaymentspeace of mindhave suffered from http://www.artwoo.com/article/uk-mortgage-payment-protection-insurance-understanding-a-policy-is-essential mortgage payment protection insurance work is to understand a policy; be aware of the key facts and the exclusions in a policy; and, how it can affect your circumstances. If not taken out with the exclusions in mind then a policy might not be right for you which would mean that it could be just a waste of money.

UK mortgage payment protection insurance can give you an income which would make sure that you would have the money with which to continue repaying your mortgage and so not get into arrears on the repayments and risk losing your home to repossession. You cannot rely on the income that the State offers as even if you do qualify for the help it usually isn't enough to give the peace of mind that UK mortgage payment protection insurance can give - providing you are eligible to claim of course.

The UK mortgage payment protection insurance cover would begin to give you an income so that you could pay your mortgage repayments each month once you had been out of work for a certain length of time and this can vary from provider to provider. Cover can begin to pay from the 31st day of being out of work but it can be as long as the 90th day before the cover kicks in. However the majority of UK mortgage payment protection insurance policies will be backdated to the first day of coming out of work.

The cover will continue to payout and give you peace of mind and security for up to 12 months although some providers will pay for up to 24 months.

Exclusions which are common to all policies and which could mean that a UK mortgage payment protection insurance policy wouldn't be suitable for your circumstances include if you are only in part time employment, if you are retired or if you have suffered from an illness within the past 2 years. You do have to make sure that you check out the small print of UK mortgage payment protection insurance policies as they can differ slightly from provider to provider and the best way to buy the cover is with a specialist provider of payment protection. Simon Burgess is Managing Director of the award-winning British Insurance (http://www.britishinsurance.com), a specialist provider of low cost income payment protection insurance (PPI), mortgage payment protection insurance (MPPI) and loan payment protection insurance. ]]> http://www.artwoo.com/article/income-insurance-eases-accident-sickness-and-unemployment http://www.artwoo.com/article/income-insurance-eases-accident-sickness-and-unemployment#comments Wed, 10 Sep 2008 01:01:22 +0000 income protection insurancepayment protection insurancemortgage repaymentsaccident sickness and unemploymentincome insuranceoutgoingsinsurance policy http://www.artwoo.com/article/income-insurance-eases-accident-sickness-and-unemployment outgoings. If you want to protect against the unknown then you need to consider taking out income insurance.

Income insurance sold as income payment protection insurance can be taken for a premium each month based on your age and the amount you wish to protect each month. All payment protection providers will allow you to insure up to a certain amount each month and this is the sum you would receive back as a tax-free income. You would have to wait a certain length of time before you would be able to put in a claim on the policy. Some providers will allow you to make a claim on the cover after the 30th day of being unemployed or of being incapacitated. With others it could be as much as the 90th day and some providers would backdate the benefit to the first day of you being declared unfit or of being made redundant.

With the sum of money from the income insurance policy you would be able to keep on top of your mortgage for instance. Of course this should be number one priority on your list. If you were to fall behind on your mortgage repayments the lender could take you to court and you could end up losing your home. While lenders try to make an agreement with you if you do not have an income it could be impossible. Of course you would also be able to maintain bills such as loan, credit card, food and utility bills. You would not have to juggle around bills or put them off until later.

There is another type of insurance that is similar in that it would provide you with an income. However the circumstances it pays under are different. Income protection insurance would pay out over a longer term than income payment protection. It would pay you an income up until the age of retirement if you needed cover that long. However you would only be able to put in a claim against accident and sickness, the policy would not payout if you were to become redundant.

Ethical payment protection specialists should offer all the information you need on their website. They should provide you with the facts about the income insurance policy and also make you aware that there are exclusions that need to be checked against your circumstances. It is only by doing so that you can be sure that you would have a back up plan on which to fall back on if and when you should need it. When comparing the cost of insurance also compare the exclusions as different policies can have different ones.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income insurance.]]> http://www.artwoo.com/article/all-about-income-payment-protection-insurance http://www.artwoo.com/article/all-about-income-payment-protection-insurance#comments Wed, 30 Jul 2008 14:36:19 +0000 income protection insurancepayment protection insurancesickness and accidentprotection policiesoutgoingsmortgage paymentpeace of mind http://www.artwoo.com/article/all-about-income-payment-protection-insurance payment protection insurance is one of the more confusing products of all the payment protection cover you can take out. This is due to the fact that there is this policy and a similar policy called income protection insurance. Income protection insurance would pay out over the longer term which can be up to the age of retirement if needed but does not cover unemployment, just accident and sickness.

Income payment protection on the other hand would safeguard against the possibility of you being unable to work after sickness and accident and it would also payout if you were to become unemployed due to such as being made redundant. However it would not payout for as long as the other policy, in fact for a much shorter time. It would payout depending on the provider offering the policy which is usually for between 12 months and 24 months. You would also have to wait between 30 and 90 days before you are able to put in your claim and this again depends on the provider you choose to take your protection from. Some providers might also back date your policy to the first day of you being unable to work or of being unemployed. You also have to compare the exclusions which can apply to the policy as these are what determine if you would be eligible.

A policy taken with a provider who only sells payment protection policies is essential if you want to get the cheapest but best quality product. They will also provide you with all the advice that is needed to be sure cover is suitable on their website and in the key facts of the cover which you are comparing.

Income protection would allow you to be able to continue paying out for all your essential outgoings if you lost your own income. You could insure up to so much of your income each month and then get this sum back if and when you became unemployed or incapacitated. It would allow you the peace of mind that when your mortgage payment was due the money would be there in the bank. With this behind you there would be no chance of you falling into arrears and being unable to keep up with your mortgage repayments. You would be able to concentrate on making a recovery if you were ill or has suffered an accident or it would give you the time needed to search around for work again.

Your income payment protection insurance would also provide with enough money to be able to continue paying your loan or credit card outgoings so that you would not be at risk of getting into debt. This would allow maintaining your credit rating and keeping yourself out of court. You could also keep on paying all other essential outgoings which would be enough to be able to carry on living your lifestyle without having to make too many drastic changes. You would also not have to try to decide which bills could be juggled around and put off for a while which could get you in knots financially.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income payment protection insurance.]]> http://www.artwoo.com/article/go-to-a-standalone-provider-for-mortgage-payment-protection-insurance http://www.artwoo.com/article/go-to-a-standalone-provider-for-mortgage-payment-protection-insurance#comments Wed, 12 Dec 2007 00:15:03 +0000 mortgage payment protection insurancemortgage payment protectionpayment protection insurancepart time employmentmoney mortgagemppiretirement age http://www.artwoo.com/article/go-to-a-standalone-provider-for-mortgage-payment-protection-insurance mortgage payment protection insurance (MPPI) will always offer the cheapest premiums for the cover as opposed to taking out this valuable protection from the high street lender. The high street lender often charges premiums which can add thousands of pounds' more onto the mortgage than had you chosen to buy your mortgage payment protection insurance cover from a standalone provider.

Mortgage payment protection insurance is taken out to ensure that if you were to come out of work after suffering from long term sickness, an accident or through unemployment by such as redundancy then you would have an income with which to carry on paying your mortgage each month. This gives you peace of mind and security that you wouldn't be left struggling where to find the money.

Mortgage payment protection insurance can be a great safety net providing it is suitable for your needs and if it is then it would begin to give you a tax free income if you should become unable to work due to one of the aforementioned reasons.



The cover would begin to give you an income which would be tax free once you had been out of work for a certain length of time which can be anything from the 31st day of you being out of work or it can be as long as the 90th day. The majority of mortgage payment protection insurance policies are backdated to the first day of you coming out of work and then would continue to payout for up to 12 months and with some mortgage payment protection insurance policies, for up to 24 months.

Before you buy the mortgage payment protection insurance it is essential that you check out the small print of a policy as this is where you can find the exclusions and these are what could stop you from being eligible to make a claim. Usual exclusions include only being in part time employment, suffering from an existing medical condition and being of retirement age.

Stick with a standalone provider if you want the best advice and the cheapest premiums for the cover and make sure that you read the small print and key facts of a policy before you buy your mortgage payment protection insurance. Simon Burgess is Managing Director of the award-winning British Insurance (http://www.britishinsurance.com), a standalone provider of low cost income payment protection insurance (PPI), mortgage payment protection insurance (MPPI) and loan payment protection insurance. ]]> http://www.artwoo.com/article/uk-mortgage-protection-insurance-can-give-you-a-safety-net-to-which-to-land http://www.artwoo.com/article/uk-mortgage-protection-insurance-can-give-you-a-safety-net-to-which-to-land#comments Wed, 31 Oct 2007 01:15:02 +0000 mortgage protection insurancemortgage payment protection insuranceuk mortgagepayment protection insurancemortgage payment protectionincome mortgagemppi http://www.artwoo.com/article/uk-mortgage-protection-insurance-can-give-you-a-safety-net-to-which-to-land mortgage protection insurance can provide you with a safety net on which to land if you should find yourself out of work due to suffering from an accident, suffer from sickness or find yourself unemployed by way of redundancy.

While the UK mortgage protection insurance cover can give you great peace of mind you do have to make sure that a policy would be in your best interests. Your mortgage is your biggest outlay each month and it is important that you keep up with the repayments because getting behind on them means that you are putting your home at risk. Repossessions and unemployment are on the increase and if UK mortgage protection insurance would be suitable for your needs then it can ease the worry about where you would find the money to keep the roof over your head if you did lose your income.

Mortgage payment protection insurance (MPPI) would begin to payout once you have been out of work for a set amount of time which varies from provider to provider. The cover can start paying out once you have been out of work for 31 days or it could be as long as the 90th day so check this out when you check out the small print and the exclusions.

The exclusions are what can stop you from being eligible to claim against a UK mortgage protection insurance policy and you have to understand them, or you could buy a policy that you couldn't claim against. Some of the most common include being in part time employment, retired, or if you suffer from an ongoing medical condition.

When looking for UK mortgage protection insurance shop with a specialist provider as they can get you the best deals and among the cheapest premiums along with offering you the advice you need to ensure that you make the right decision regarding the suitability of the UK mortgage protection insurance. Simon Burgess is Managing Director of the award-winning British Insurance (http://www.britishinsurance.com), a specialist provider of low cost income payment protection insurance (PPI), mortgage payment protection insurance (MPPI) and loan payment protection insurance. ]]> http://www.artwoo.com/article/income-mortgage-protection-makes-sure-your-home-remains-yours http://www.artwoo.com/article/income-mortgage-protection-makes-sure-your-home-remains-yours#comments Wed, 10 Sep 2008 01:15:27 +0000 income protection insuranceworst case scenarioincome mortgagemortgage protectionsuitable jobfood billregular payment http://www.artwoo.com/article/income-mortgage-protection-makes-sure-your-home-remains-yours Income mortgage protection would allow you the peace of mind that if you should lose your income due to suffering illness, accident or you became unemployed you would not be struggling. A policy would allow you to take out insurance for up to a certain amount of your own income. All providers set a limit to this amount so you have to check before taking out the policy.

One of your biggest payments, your mortgage is of course protected with income mortgage protection. Getting behind on this payment is the worst case scenario for any homeowner as the lender could take you to court and you could lose your home to repossession. You would have to be able to come to an agreement with the lender so that you could catch up on the arrears while also at the same time manage to pay your regular payment.

While income protection would allow you to keep up with the repayments of the mortgage it also protects all of your other essential outgoings. If you have loan/credit card repayments to keep up with then you would be able to use the income from the cover. You would also be able to pay monthly bills that keep up the home such as your utility bills along with your monthly food bill.

Income mortgage protection taken with a standalone provider can be taken for a premium that is based on the amount you wish to protect and your age. A policy would begin to provide you with an income between a period of 30 and 90 days with some providers backdating the cover to the first day of you being unemployed or incapacitated. After commencement the cover would continue paying out for a certain length of time defined by the provider. A policy could provide you with an income for either 12 monthly payments or 24 monthly payments and then it would cease. However this is usually more than enough time to have made a recovery and got back to work or to have found another suitable job.

When looking for income mortgage protection you should not get it confused with income protection insurance. Income protection insurance is a type of insurance similar but it does not payout if you should become unemployed. It would payout against accident and sickness and one of the main differences is that it would payout up to the age of retirement if it was necessary. However there is a longer period of deferment before you would be able to put in a claim on the cover. All policies have exclusions within them and these need checking against your circumstances if you are to be sure that you would be able to claim on the cover. Providing you choose an ethical payment protection specialist to take your policy out with you can be sure that you would have a back up plan to fall back against. Policies are a much more reliable option than relying on help from the State or falling back on savings you have accumulated.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income mortgage protection.]]> http://www.artwoo.com/article/do-not-confuse-income-payment-protection-with-income-protection-insurance http://www.artwoo.com/article/do-not-confuse-income-payment-protection-with-income-protection-insurance#comments Mon, 08 Sep 2008 02:22:18 +0000 income protection insurancefood billbad credit ratingmortgage paymentrepaymentsredundancylenders http://www.artwoo.com/article/do-not-confuse-income-payment-protection-with-income-protection-insurance income protection insurance.

In this case the type of policy you should be looking for is income payment protection. This policy can be taken out for a premium that allows you to insure up to a certain amount of your own income. If you lost your job due to redundancy, if you should become ill or suffer an accident, you would be able to claim on the policy. The cover would allow you the luxury of being able to keep up with all of your essential payments each month.

You would not have to struggle to find the money to pay your mortgage, therefore there would be no worry about having your home repossessed by the lender. Lenders can choose to take you to court and seek repossession if you cannot make an agreement to catch up on what you owe while at the same time continue paying the regular mortgage payment. This would mean that you would be evicted from the property.

Of course income payment protection does more than keep the roof over your head. You can also use the income you would receive to pay such as loan or credit card repayments. This would stop you from getting into debt with the lender and have your credit rating affected. If you earn a bad credit rating you will find it very hard to get credit in the future as your credit file is what all lenders take into account.

You would also have the money needed to be able to continue to pay your food bill and any other bills that come into the home on a monthly basis. You would not have to struggle or change your current lifestyle as the money would be there for you each month.

Income payment protection would begin paying out from between the 30th and the up to the 90th day with some providers. It would then continue for a period of either 12/24 months and then it would just cease. Some providers would also backdate the payment to the very first day of you becoming unemployed or of being incapacitated. Income protection insurance on the other hand is a very worthwhile policy to take out if you just want to protect against the possibility that you might become sick or suffer an illness that meant you were unable to work. It would not cover becoming unemployed. You would also have to wait a lot longer before you are able to put in a claim; however you would be able to keep claiming an income for right up to the age of retirement if the cover was needed. Policies are cheaper with a standalone specialist provider than taking out protection with the high street lender. You can also get all the information you need to ensure you make the right choice.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income payment protection.]]> http://www.artwoo.com/article/unemployment-income-protection-insurance-tips http://www.artwoo.com/article/unemployment-income-protection-insurance-tips#comments Thu, 31 Jul 2008 08:08:27 +0000 income protection insuranceindependent paymentprotection specialistoutgoingsmortgage paymentpeace of mindexclusions http://www.artwoo.com/article/unemployment-income-protection-insurance-tips income protection insurance is to not confuse this product with one of a similar name. Income payment protection and income protection insurance are two separate products.

Income payment protection pays in the short term and cover unemployment along with accident and sickness. Income protection insurance would just cover accident and sickness, not unemployment and it pays out over the longer term which could be up to the age of retirement. So when looking for protection for your income against unemployment then it is income payment protection that you need to buy.

Another tip that will save you a great deal of money is to buy your policy from an independent payment protection specialist. High street lender usually offer policies but they charge huge premiums which boosts up the loan or mortgage considerably.

You do have to know what is included in unemployment income protection as all providers will add in exclusions. These have to be checked against your circumstances so that you know you would be eligible to claim against the policy. Once you have then you can look at when the cover would begin to provide you with an income and when it would end as this differs with providers. Usually cover would start somewhere between days 30 and 90 of unemployment and some providers backdate the policy to the first day of unemployment. You would then be able to relax and concentrate on finding work while replying on the policy for between 12 months and 24 months.

Unemployment income protection insurance is taken to ensure that you would have something to rely on if you lost your own income. The income it provided you with would be the sum that you insured when applying for the policy and it would be tax-free. You would be able to use the money to pay a wide range of outgoings that needed keeping up with each month. One of the most important of these outgoings would be your mortgage payment. Your policy would provide you with peace of mind that you are not going to get into arrears. Getting into mortgage arrears and not being able to catch up means that the lender will repossess your home through the courts and a judge will set an eviction date.

You could also see yourself appearing in court if you cannot keep up with loan and credit card repayments. If you get behind on these then you would at the least earn yourself a bad credit rating. This could make getting any kind of credit very hard in the future as all lenders take your credit file into account. Depending on the amount you owe your lender could take you court to claim what you owe through possessions and this means a judge will send bailiffs to your home.

Unemployment income protection insurance can put a stop to all of this and much more. It would allow you to be able to continue meeting all essential bills that go out each month and which keep your home running. It would also mean that you would be able to continue living your current lifestyle and not have to make many changes.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of unemployment income protection insurance.]]> http://www.artwoo.com/article/income-insurance-protection-against-unemployment-is-valuable http://www.artwoo.com/article/income-insurance-protection-against-unemployment-is-valuable#comments Wed, 30 Jul 2008 15:08:29 +0000 mortgage repaymentsstate benefitincome insurancecontinuous daysinsurance protectionfinding the moneyincapacity http://www.artwoo.com/article/income-insurance-protection-against-unemployment-is-valuable Income insurance protection against unemployment is an extremely valuable form of protection to have and rely on. With no ones job being safe thought has to be given as to how you would be able to manage if you lost your income. While some individuals rely on savings or benefit from the State to get them by, many times they are let down by the fact that savings run out before you get back to work or find work, and you might not be eligible to claim State benefit.

While there are exclusions that have to be checked with income insurance protection if you go with an ethical standalone provider they add in just a few. You do have to check the terms and conditions of any cover you are comparing along with the cost of the insurance as exclusions vary depending on the provider and premiums vary.

Providers usually offer policies that would pay out an income tax-free after between 30 and 90 continuous days of unemployment or incapacity. Some will backdate the policy to the first day of incapacity of unemployment but you have to check the terms and conditions of the cover to find this out. You would then be able to benefit for between 12 and 24 months again depending on the provider, however after this period of time the policy would then cease. Usually this is ample time to have found another position or to have made a full recovery and be able to go back to work.

You would be able to keep on top of your mortgage repayments with the money you received each month. This would mean that you would not get into arrears with your mortgage and have to worry about finding the money to catch up. If you were not able to catch up on the arrears then you would find the lender taking you to court and this could mean that the lender will repossess your home. You would then have to leave everything you had built up over the years.

Of course your income insurance protection against unemployment will allow you to keep up with other requirements that you have to make each month including any loan or credit card outgoings. Getting behind into debt means that you would at the very least see your credit rating being affected. As all lenders take your credit rating into account when choosing to give you credit or not this means that obtaining credit could be very hard and in the worst case the lender could take you to court. This would mean that you could gain a County Court Judgement against you.

Taking out your income insurance protection against unemployment with a specialist in payment protection is the cheapest way to get your policy. It is also the best way to obtain all the information needed for you to be able to understand what you are taking on. Do not get income payment protection confused with income protection insurance as while both policies are similar, income protection insurance pays out in the long term and does not cover unemployment.Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of income insurance protection unemployment.]]>