Income Protection Insurance

If you are unable to work due to illness or injury, income protection insurance is a vital lifeline that replaces a portion of your income. This type of insurance provides financial support when you need it the most and ensures that you continue to meet your financial obligations including mortgage payments, bills, and daily living expenses, even when you’re unable to earn a salary. Income protection insurance provides you and your family with much-needed financial support and stability.

What does income protection insurance cover?

Income protection insurance with Lightbulb Lending covers a wide range of illnesses and injuries that stop you from working, either temporarily or permanently. Your income protection insurance guarantees that you receive a percentage of your pre-tax income, usually between 50% and 70% – tax-free. Income protection insurance does not cover redundancy. You can make multiple claims over the life of the policy, ensuring that you receive ongoing support if you remain unable to work.

• Financial Stability
  Becoming ill or injured is stressful enough without worrying about money. Income protection insurance provides a steady income to help you meet your financial obligations.
• Peace of Mind
  Dealing with illness or injury is challenging, and income protection insurance provides peace of mind that you and your family won’t face financial issues while you’re unable to work.
• Flexible
  At Lightbulb Lending, we can tailor your income protection insurance policy to your requirements, including the amount of coverage, waiting periods, and length of payments.