Income protection plan
If there’s one thing that defines lifestyle for you and your family, it’s your income, so making sure that it’s protected at all costs is paramount. Our team of independent protection advisers will help deliver that reassurance by matching the right product to the right circumstance. At Cardan, we help you protect what you already have so that even if your situation changes, the way you live your life doesn’t have to.
Keeping your income covered
Income protection is a policy that pays out a weekly or monthly benefit in the event that you can’t work due to illness or accident.
It’ll continue to pay this benefit until you can return to work, or until you reach the end of the policy term (usually your retirement age). This ensures you can remain financially stable and continue to pay the mortgage and bills while you concentrate on rehabilitation and getting better.
Our team of independent protection advisers can help you find the right policy for your needs. We’ll look at your situation and find the best available policy with the broadest possible cover, keeping a close eye on costs in the process.
Your adviser will take you through the whole process, from sourcing the right policy to dealing with the paperwork on your behalf and putting the policy in place.
Do I need income protection if I have sick pay?
Typically, sick pay from your employer will only be for a short period of time, such as four weeks. Even if you’re lucky enough to have longer-than-average sick pay, with an income protection plan you can make the necessary adjustments so that your cover starts once your sick pay finishes.
This can help lower the cost of the policy, as the longer this “deferred” period is, the lower the premiums will be. Our advisers can help you understand when you’d need a policy to start and how much that would cost per month.
Will I have to do other work, or does the policy cover my job?
You can set up the income protection to cover “own occupation”. This means you’re covered for the job role you’re currently doing, which means that if you’re signed off work for that job, the policy would start paying out benefits with no need for you to worry about finding alternative employment.
Get in touch
If you’re interested in joining the Cardan family, please get in touch with us using the form below. We look forward to hearing from you.
About Cardan Wealth Management
Cardan will always be about trust, clarity, commitment, honesty, and integrity. We pride ourselves on being both commercially and morally sound, and socially aware too. We’re on a journey to create a group of companies that can share best processes and practices while recognising different ownership structures and regional nuances. Strength and flexibility are key ingredients to our growth strategy.
