Income Protection For Public Sector

Income Protection is a form of insurance that provides financial support in the event you’re unable to work due to illness or injury beyond your employer’s sick pay arrangements. This type of coverage is designed to top up your income if your sick pay reduces below 100% and ultimately replace a pre-determined portion of your income when you move to statutory sick pay, ensuring that you can meet your financial obligations and maintain your standard of living while you recover.

1. Income Replacement: Income Protection ensures you continue to receive a regular income if you’re unable to work beyond your employer’s sick pay allowance due to illness or injury.
2. Long-Term Support: Income Protection can provide financial support for an extended period, typically until you recover, retire, or reach the policy’s pre-determined end date.
3. Customized Policies: You can tailor your Income Protection policy to match your income and financial needs. This includes choosing the level of coverage and getting a great discount due to working in the public sector.
4. Tax-Free Payouts: The income replacement payments are tax-free, ensuring that you receive the full benefit amount. However, they may impact on eligibility for certain means tested benefits.
5. Rehabilitation Support: Some policies include access to rehabilitation services to help you return to work faster and with greater ease.
6. Return-to-Work Benefits: Certain policies offer additional benefits if you return to work part-time or with reduced income due to your illness or injury.

Baker Hudson goes the extra mile to tailor insurance policies to your unique needs. We offer a range of options & our experienced agents will work closely with you to find the right coverage at the right price.