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Income Protection

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Monthly Income When You Can’t Work

What would happen if you were suddenly unable to work due to illness or injury? For most people, losing their income — even temporarily — would cause serious financial strain. That’s where Income Protection Insurance comes in.

At Park Hill Financial, we help you set up tax-free monthly income cover that supports you financially while you recover, so you can focus on your health without worrying about how to pay the bills.

What Is Income Protection?

Income Protection is an insurance policy that pays you a monthly income if you’re unable to work due to illness, injury, or disability. Once you’ve been off work for a set period (known as the deferred period), the policy starts to pay out until:

  • You’re well enough to return to work
  • You reach the policy end date (usually aligned with retirement)
  • Or the maximum benefit period is reached (for shorter-term plans)

This cover provides ongoing financial support during long periods of absence from work — and unlike critical illness cover, it doesn’t require a specific diagnosis. If you can’t work, it pays out.

Key Features

  • Tax-free monthly income
  • Covers a wide range of conditions, not just critical illnesses
  • Typically pays out up to 50-60% of your gross income
  • Flexible deferred periods (e.g. 1, 3, or 6 months)
  • Long-term or short-term policies available
  • Designed to complement sick pay or state benefits

This structure encourages recovery and return to work, while protecting your financial stability in the meantime.

Who Should Consider Income Protection?

Income Protection is particularly valuable for:

Self-employed individuals -
with no sick pay benefits
Employees -
whose workplace sick pay ends after a short period
Families -
dependent on a single income
Professionals -
who want to protect their lifestyle and financial plans
Anyone with mortgage or rent commitments

It’s especially relevant if you’re not eligible for significant employer benefits or government support.

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Why Choose Park Hill Financial?

Your income is your greatest financial asset — protecting it means safeguarding your lifestyle and your future. At Park Hill Financial, we:

  • Review your circumstances to recommend the most suitable income protection options.
  • Compare policies from trusted insurers to secure competitive, reliable cover.
  • Tailor solutions to match your budget, employment situation, and long-term needs.
  • Guide you through the application and underwriting process with clear support.
  • Offer ongoing advice to keep your cover aligned with changes in your life and income.

We’re here to protect your income, your lifestyle, and your future.

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