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Income Protection pays you out a regular income if you are unable to work for a length of time due to illness or injury. Income Protection does not pay out for redundancy, death or dismissal.
Anyone can be taken ill or have an unexpected injury whether they have diabetes or not. And, even when you are not working, the household bills will still arrive. Not having the means to pay for groceries or rent is extremely stressful and the last thing you need when you are unwell. Income Protection can ensure that those bills are paid and your family is looked after.
Deciding on the right type of Income Protection plan for you will depend on a number of points:
How much of your income do you want to protect?
How many years do you want the policy for?
How long do you want to be able to claim for if you are off work?
Along with your general health and age, these factors will determine the premiums. Generally, the younger you start your policy, the less it will cost you.
Income Protection is available to diabetics but as the cost of an Income Protection plan is partly calculated using your general health, you may find that it is a little more expensive. But balance that against the fact that, should your diabetes get out of control and you are unable to work, you will have an income to help with the bills.
Everyone's circumstances are different, from what they do for a living, to how they live and who they look after. Our partner can talk through with you what you are concerned about and put together the right plan for you. When you have diabetes, you have that added matter to take into consideration when looking at policies. The experts have knowledge that combined with the information you provide can help search out that Income Protection plan that works for you.
We can also help you find travel insurance for diabetics. We can put you in touch with insurers who specialise in providing travel insurance policies for those who have a pre-existing medical condition such as diabetes.
Our expert partner, LifeSearch, are one of the UK's largest life assurance brokers. They work with leading insurers to find you the cover you need. The companies they work alongside include AIG, Aviva, British Friendly, Legal & General, LV=, Royal London, The Exeter, Vitality, Scottish Widows, National Friendly, Shepherds Friendly, Cirencester, Holloway, Guardian and Zurich. Just like MoneyMaxim, they are regulated and authorised by the FCA,. They offer a guarantee to get you the right cover at the most competitive premium available. There are no fees for this service and there is no obligation either.
This content was last reviewed on 31/05/2023