Telephone
01295 698600

Email
info@cherwellfs.co.uk

Ground Floor
Unit 15 Somerville Court
Trinity Way, Banbury Business Park
Adderbury, Oxfordshire
OX17 3SN

GET DIRECTIONS

Telephone
01295 698600

Email
info@cherwellfs.co.uk

Ground Floor
Unit 15 Somerville Court
Trinity Way, Banbury Business Park
Adderbury, Oxfordshire
OX17 3SN

GET DIRECTIONS
What is Income Protection?
Have you considered how you would cope financially in the event that your household loses its main source of income due to long term illness? How would you support your family?

HOW WOULD YOU
AND YOUR FAMILY SURVIVE?

What cover do I need?

Unless you have substantial savings to fall back on or a very good long term sick pay arrangement provided by your employer, the chances are you'll find it very difficult to maintain your current standard of living. Income Protection Insurance is designed to pay a regular income in the event of you being unable work because of an accident or illness.

Is it right for me?

Whether Income Protection is worthwhile insurance cover for you to have in place or not is dependent entirely on your own circumstances and situation. You may have had the foresight to build up significant savings that are sufficient. If so, as long as you are not adverse to the idea of using that money to support your normal day to day living costs, it could be used to meet your income needs in the event of the main wage earner in the house being unable to work.

WE WILL TRY TO MAKE
THINGS EASY TO UNDERSTAND
THAT NORMALLY ARE NOT

But my employer gives me sick pay?

Your employer may provide a good sick pay arrangement for its employees that will provide you and your family with enough money to pay the bills and maintain your standard of living for a reasonable time period. You should investigate how much and for how long you would receive an income from your employer as some employers sick pay plans will pay out for months, whilst others may only pay for weeks or even a few days. In addition, you may also find that the level of income payable would not be enough for your family's needs, in which case an Income Protection Policy that compliments the existing employer scheme may also be needed. In both cases, you may only need to worry about what happens when these short term solutions are no longer viable. However, if neither of these situations apply to you, or you are self-employed or run your own business, you should consider looking at Income Protection options to establish what is needed to provide you with some financial security in the event of you or the main wage earner of the household is unable to work due to an accident or illness.

What if I don't have any work place cover or savings?

Putting an appropriate income protection plan in place will provide you with the peace of mind of knowing that income is available for you to live off in the event of it not being forthcoming from your normal means of earning a living because of an accident or illness that was perhaps no fault of your own in the first place.

We are here to help you to understand all of the pros and cons of the different solutions available to you so that you can make an informed buying decision for yourself, based upon your current financial situation. If you would like to generate a quotation for yourself and know the cover you wish to have or to discuss further with us please click through to our quoting system. By clicking through to our quoting system you are confirming you have read and accepted our Terms of Business and how we use your personal information as per our for Data Privacy Notice. You also understand that should you have insufficient cover in place then you/your family may have insufficient funds/income to fall back upon. TERMS OF BUSINESS DATA PRIVACY NOTICE

HOW WOULD YOU
AND YOUR FAMILY SURVIVE?

FIND OUT MORE ABOUT THE COSTS
AND BENEFITS OF THIS TYPE OF POLICY

At Cherwell Financial Services Ltd we understand that some people do not require advice on the level, term or type of cover they require, and as such we provide a way of obtaining a personalised quote along with the opportunity to review the product literature associated with the cover in you illustration, to allow you to make the decision for yourself. If you have any doubt if this is the correct type, amount or term of cover you require then you should contact us directly to request full advice, as this system does not constitute Cherwell Financial Services providing you with advice and is processed on an Execution Only basis( Non-Advised). Once you have completed your quote and you are happy to proceed upon the basis set out, and have read through the illustration, Key Features documents along with our Terms of business and Data Protection statements above, you can contact Cherwell Financial Services Ltd to inform them you wish to proceed with your quote and we will explain the process on how to proceed with your requested cover. The quoted premiums in the cover assume that you are in good health and are based upon the information you have provided to the relevant provider. Until the terms have been offered and subsequently accepted by you and the provider (an accepted application, not just an Illustration), then you may not be covered and the price may be subject to change or be declined.

GET QUOTE

Cherwell Financial Services Ltd is directly authorised and regulated by the Financial Conduct Authority. Registered Office Ground Floor, Unit 15 Somerville Court, Trinity Way, Banbury Business Park, Adderbury, Oxfordshire, OX17 3SN.

Registered in England. No. 08566532

©Cherwell 2018