Income Protection Insurance Advice
How would you pay your mortgage and bills if you couldn’t work due to illness or injury? That’s where income protection insurance comes in.
Income protection provides a regular monthly income if you're signed off work due to illness, injury, or a long-term health condition. It’s especially valuable if you're self-employed, have limited sick pay from your employer, or want extra peace of mind.
At Grandi Mortgage Solutions, we offer expert income protection advice to clients across Chinnor and the surrounding Oxfordshire area, helping you find the right level of cover for your situation.
How does income protection work?
✅ Monthly Payouts When You Can’t Work
If you’re signed off work by a medical professional, income protection pays a percentage of your salary (usually around 50–70%) until you recover or reach the end of the policy term.
✅ Flexible Waiting Periods
You can choose when the payments begin from 1 month to 12 months after you're unable to work. A longer waiting period usually means lower premiums.
✅ Long-Term or Short-Term Options
Policies can pay out for a fixed period (e.g. 2 years) or until retirement, depending on your needs and budget.
Why consider income protection?
- Covers your mortgage and essential bills if you're unable to work
- Peace of mind for the self-employed or anyone without generous sick pay
- Removes financial pressure during recovery
- More comprehensive than critical illness cover alone