Protecting your Income

How would you pay the bills if you were too ill to work? Income Protection will protect your income to help enable you to pay all your bills, not just your mortgage.

What is Income Protection?

Income Protection is an insurance policy which provides you with a regular tax-free (under current legislation, tax year 2017/2018) income if you can’t work because of illness or disability. The benefit paid is up to a maximum percentage of your earnings – often 50% or 60% of gross pre-disability earnings.

Policies pay out after you have been off work for a period of time known as the ‘deferred period’ and will continue to pay out until you can get back to work or until the end of the policy term, whichever is soonest.

You can choose a deferred period from one week up to a year, depending on how long you may be able to survive on any savings or how long you receive sick pay from your employer.

Linear Financial Solutions is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of Advance Mortgage Funding Limited.

Find a local mortgage adviser

We have a network of friendly mortgage advisers based across the UK. Search for your local mortgage adviser and get in touch with them to start your journey today.

An important message before you start…

Your property may be repossessed if you do not keep up repayments on your mortgage. Linear usually charges a fee for mortgage advice. The precise amount will depend on your circumstances but may range from £399 to £599 up to a maximum of 1% of the mortgage amount. The fee is payable when an application is submitted to a mortgage lender and is non-refundable.