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I just had a review with my financial advisor at HSBC and he's advising me to take out income protection. As a side, I already have life and critical illness cover which covers my mortgage.
The premiums for £2k/month until I'm 60 (i.e. 28 years to go) are:
Deferred for 13 weeks premium is £56
Deferred for 26 weeks premium is £44
Deferred for 52 weeks premium is £38
Deferred for 2 years premium is £34.60
I just wanted to know if many of you protect your income??
If so, what is your deferred period?
It used to be called permanent health cover in my day. Income protection used to be something to do with unemployment.
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