Compare Income Payment Protection

Puzzling over Payment Protection?

Here at QuoteBoffin HQ we like to make sure you're as clued up as we are when it comes to insurance because we know that trying to assess your insurance needs can be a daunting task, especially when you're trying to get the most for your money.

Thankfully, our QuoteBoffin has the all the facts to hand so you can make an informed decision first time, every time!

Income and payment protection at a glance

• Provides long-term financial security if illness or injury stops you from earning
• Pays out a monthly, tax-free income that can replace 75% of your original wage
• Ensures mortgage and loan repayments are kept up to date while you are recovering
• Makes sure you and your family's lifestyle is safe, secure and unaffected

Income, loan and mortgage repayment protection - the QuoteBoffin sheds some light!

Income, loan and mortgage repayment protection There are three types of Income Payment Protection Insurance that protect you and your loved ones should illness prevent you from working or if you are made unemployed.

Without a steady income it can prove tricky trying to keep up with mortgage and loan repayments, not to mention day to day living expenses. With income and repayment protection, policy holders are entitled to a tax free income as well as financial support so you can meet your mortgage or loan payments on time as usual.

Insuring You & Your Family's Future

Many people don't consider the devastating, long-term effects that sudden sickness or injury can have on an individual's financial health.

Taking out income and repayment protection is the smart person's way of securing their lifestyle against unforeseen, worst case scenarios.

So who needs income and payment protection?

Whether you are married, have children, are single or simply reliant on a regular income, payment protection is right for you.

Today, 2.6million adults are claiming some form of incapacity benefit due to accidents, illness or injury that has prevented them for working for months if not years.

"I was in hospital for 7 months receiving treatment for a back injury. Payment protection ensured I was able to keep up with my mortgage payments despite not being able to work."

"My husband is the sole breadwinner for the family as well as being self-employed so I was worried when ill health saw him give up work. Thankfully our income protection policy means we can still live comfortably."

"When I suffered an accident at work I thought my employer would cover me financially for as long as I was on long-term sick leave but this wasn't the case. Without my income protection I don't know what I would have done."

"Although I'm single and don't own a house I still have monthly credit card bills and a car loan to repay. Since I have minimal savings I don't think the state benefit would be enough to cover my monthly overheads if I became unemployed which is why I took out payment protection."

Could you afford to lose your house if ill health forced you out of work?

Repossession is on the rise so there's never been a better time to protect yourself against the unforeseen. Should you lose you job or suffer ill health, a lack of income can make repossession a reality.

Just take a look at these statistics:

• 1,200 UK families had their homes repossessed in the first three months of 2009.
• Every day 3,000 people will attempt to claim Disability Benefits; many of whom are struggling to find ways to pay their mortgage or loan repayments.
• Nearly 3 million people are disabled and have been unable to work for a year or more & instead are relying on payment protection or benefits.

Could you afford to keep paying your mortgage or loan repayments if you became unemployed?

UK unemployment is at a record high with 2.51 million people currently out of work.

Increasing unemployment levels means it's more difficult than ever to get back into work after an injury or if you try and switch career to work around a health problem.

Our QuoteBoffin has dug out the following facts:

• 20% of all working age households include someone currently out of work.
• Nearly 500 people are made redundant every day.
• A third of people aged 26-37 have experienced a period of unemployment that has lasted over two months. This figure is expected to double in the immediate future.

QuoteBoffin only works with top insurers which means your policy is not only value for money but also comes from one of the UK's leading providers.

Just some of the insurance providers QuoteBoffin is proud to work with:

"The UK's biggest insurance provider, Aviva has 53 million satisfied customers world wide."

"Another UK market leader, Standard Life specialise in financial protection products."

"With over 130 years trading experience you're in safe hands with Prudential Financial."

"One of the UK's largest insurance firms, LV= have a reputation of being the most friendly provider on the market."

QuoteBoffin puts the myths about income and payment protection under the microscope

"Income protection is too expensive"

"There are few added extras with income payment protection."

"Policies don't exist where you can claim on more than one occasion."

So now really is the time to put your mind at rest and insure your future today!