Income Protection for Self-Employed Professionals

1. Income Replacement: With no employer-provided sick pay, self-employed individuals can face significant financial challenges during illness or injury. Income protection insurance provides a regular, tax-free monthly income, helping you cover essential expenses like:

• Mortgage or rent payments
• Utility bills
• Groceries and daily living costs

2. Long-Term Financial Support: Income protection policies are designed to support you until you recover, retire, or reach the policy’s predetermined end date, ensuring you stay financially secure during extended periods of incapacity.

3. Customised Policies: Tailor your coverage to suit your unique financial needs. You can choose:

• The level of coverage
• The waiting period before benefits start
• The length of coverage

4. Tax-Free Payouts: Receive tax-free income replacement payments, ensuring you get the full benefit amount. However, keep in mind that these payments may affect eligibility for certain means-tested benefits.

5. Rehabilitation Support: Many policies include access to rehabilitation services, helping you recover and return to work faster. Including up to £1000 to spend on private medical treatment with some providers.

6. Return-to-Work Benefits: Some policies provide additional financial benefits if you transition back to work part-time or with reduced income following your recovery.

For self-employed individuals, having a personal safety net is crucial. Income protection ensures you’re covered financially during unforeseen circumstances, offering peace of mind and stability.

At Baker Hudson Health, we’re committed to finding the right coverage for your unique needs. Here’s why self-employed professionals trust us:

• Tailored Solutions: Policies designed to align with your income, lifestyle, and financial goals.
• Expert Guidance: Our experienced advisors guide you through every step of the process.
• Flexible Options: Choose from a range of add-ons and benefits for comprehensive protection.