Income Protection

Apart from Life Insurance, protecting your income could be arguably the most important insurance of all, as it is protecting your future asset base, i.e. the ability to receive an income in the future.

Downton & Ali Associates can help you arrange the most appropriate income protection plan within your affordability. Our advisers will assess your existing provision through private policies or employment benefits, to establish whether your existing arrangements are adequate or if you need to review your current level of cover.

The purpose of income protection insurance is to help maintain your current lifestyle by replacing your personal income should you be unable to work through sickness or injury. It provides the reassurance that for each month that you are unable to work, you will receive a monthly payment to maintain your financial commitments and personal lifestyle.

A waiting period applies to any disability claim. This is a form of insurance excess. The waiting period is chosen by the insured person and is the number of days they have to be permanently disabled before income benefits can start to be paid. The usual waiting period options range from 28 days to 12 months but in the event of a claim, benefits could be paid until retirement age.

Buying a property is probably one of the largest financial commitments you will ever make. Therefore, it is important to ensure that in the event of unforeseen circumstances, you will be able to maintain the mortgage associated costs.

An accident, sickness and unemployment policy will provide protection for your mortgage related costs for up to 2 years. It can be taken in single or joint names, allowing couples to both be protected on a joint mortgage. The value of the claim is capped at a percentage of the mortgage related costs only and is not your full income.

Please call to speak to an adviser if you are interested in this product

If you have any questions, or if there’s anything you’d like explained, please speak to one of our team on 020 3021 0075 or email us at