MOVA / Income Protection
Income protection.
When illness stops you working.
Look at your essential spending, employer sick pay and savings. Steven can help you understand how income protection may fit alongside the support you already have.
Initial conversation at no cost · No pressure to proceed
Start with what matters to you.
You do not need to choose a product before getting in touch. Bring your plans and your questions; Steven will help you understand the next step.
Three things to clarify
How income protection fits your household.
The waiting period
How long could existing income and savings support you before a policy benefit starts?
The benefit period
How long a claim can pay is a separate decision from when it starts.
The definition of incapacity
Your occupation and the policy wording affect when a claim may qualify.
Protecting an income is different from insuring a diagnosis.
Income protection can provide a regular benefit if illness or injury prevents you working and the claim meets the policy terms. It generally covers part of income, with limits and definitions that vary. It is not normally unemployment insurance.
Match the waiting period to the support available.
The deferred period is the time before qualifying benefits begin. Employer sick pay, savings and other income can influence the discussion. Check when workplace benefits reduce or stop, rather than assuming the same amount continues indefinitely. The household buffer tool on our protection hub can help you explore a simple spending scenario.
Employed and self-employed lives need different detail.
An employee may have contractual sick pay or benefits through work. A self-employed person needs to consider the income that would actually continue, business commitments and how earnings are evidenced. Steven can explain the relevant policy terms, including benefit limits, claim duration and occupation definitions.
Review the whole picture before replacing cover.
Existing policies may have valuable terms. A review should compare what you have with your circumstances today, not assume replacement is an improvement. Do not cancel until any replacement has been accepted and is in force.
Your questions, answered
Clearer on the detail.
Ready for the next step.
Have a question that is specific to you?
Will it replace all my take-home income?
Not necessarily. Policies limit benefits and use their own income calculations. The amount available requires assessment.
Does it pay immediately when I become ill?
A policy normally has a deferred period and other claim conditions. Check the actual terms.
Can I discuss it if I am self-employed?
Yes. Explain how you earn and what would happen to income if you could not work. Availability is subject to underwriting and policy criteria.
A practical next step
Talk through your plans
with Steven.
An initial conversation can help you understand where to start and what information may be needed next.
Cover is subject to eligibility, underwriting, policy terms, definitions and exclusions. Do not cancel existing cover until any replacement has been accepted and is in force. Any relevant costs will be explained before you choose to proceed.