Permanent Income Protection (PHI)
Permanent Income Protection / Permanent Health Insurance (PHI) helps protect in the event of an illness or an injury that will keep us out of work for a long period of time. If you become incapacitated through illness or injury – thinking about how your going to meet your monthly financial liabilities such as mortgage repayments can be a stressful burden, at a time when you should be making a proper recovery.
Permanent Income Protection is ideal for those who:
- Have family responsibilities
- Want to protect mortgage payments
- Have regular monthly outgoings such as mortgage, loans etc
- Are self-employed.
With a Permanent Income Protection / Permanent Health Insurance plan you have the freedom to decide if you wish to take out a policy on a Level Term basis ensuring your premiums and payout (should you make a claim during the term of your policy) will remain fixed throughout the term of the policy. Alternatively an Income Protection policy can also be taken out that will coincide with the rate of inflation, providing you with a tax-free lump sum that will make sure you and your family continue to maintain a lifestyle you are accustomed to.
The cost of the premium that you pay will depend on the following:
- Age
- Sex
- Occupation
- Current state of health
- If you smoke
- If you are involved in dangerous or high risk activities
- The period you want to last for
- The level of cover you require
At Contact Insurance we aim to provide you with a customer service that is second to none. We have a team of knowledgeable Advisers that will search the entire market for you to find the right policy to suit your needs.
For more information on Permanent Income Protection call 0800 328 5773 and on of our Advisers will be happy to help
Or
Click to request a permanent income protection / permanent health insurance quote