Income Protection

Financial advisors and protection experts extol the virtues of income protection and the most important personal insurance any individual can have. Many people don't even consider it as they think, due to myths, that it isn't for them. Here KRFS shares some of the greatest myths and tells you why they aren't true so with a clearer picture you can decide if it's your next self-care purchase or not!

1 - I have an existing medical condition so don't qualify!
This is simply not true, so much so that even people with diabetes and cancer are eligible. Several factors are considered about someone who applies and underwriters are happy to include non-standard terms that offer a suitable level of cover. There are still eligibility criteria, but many are surprised that they would be accepted. Until you apply, you simply do not know!

2 - Manual workers don't qualify
Again, simply not true today. A recent change allows many more occupations including HGV drivers, care workers builders and many manual occupations. Companies such as AIG are reviewing their policies on a regular basis and can insure most people under an 'own occupation' definition.

3 - Self Employed people cant get income protection
This is probably the most important section of society to need income protection - personal taxable income is used to provide clear guidance on what can be covered in the insurance policy.

4 - I need to provide too much evidence of health and income
60% of applications are immediately approved with no evidence needed. Underwriting has got a lot more intelligent in recent years and many, including AIG, apply smart rules. Underwriters are tasked with helping as may people as possible to access the cover they need.

Access to Income Protection is probably much easier than you thought so why not have a chat with us today?