Safeguard Your Financial Well-Being!
Discover the peace of mind that comes with income protection insurance. Our expert advisors will tailor the coverage to your needs, helping you maintain your quality of life with monthly payments of up to 60% of your salary.
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Safeguarding Your Income
Secure Your Income and Peace of Mind with Income Protection Insurance!
Income protection insurance is a specialized policy designed to offer crucial support during times of unemployment, rehabilitation, or illness. This insurance provides policyholders with the assurance of receiving a monthly payment, up to 60% of their monthly salary, ensuring a steady income to cover living expenses.
Our knowledgeable advisors are here to guide you through the intricacies of income protection, helping you determine the optimal coverage for your unique situation. You’ll have the flexibility to decide the coverage duration, whether until retirement or a specified number of years. Keep in mind that longer coverage periods may entail higher monthly premiums. Get in touch to learn more about how income protection insurance can safeguard your financial stability.
Why Choose Manuka Money for income protection?
At Manuka Money, we understand the importance of protecting yourself, your loved ones, and your assets against unforeseen circumstances. Our comprehensive range of insurance solutions is designed to provide you with peace of mind and financial security, ensuring that you’re prepared for whatever life throws your way.
With our team of expert advisors, you can expect personalized guidance and tailored insurance plans that match your unique needs and budget. Whether you’re seeking life insurance, critical illness cover, family income benefit, or income protection, we’re here to assist you in making informed decisions that safeguard your future.
Our commitment to excellence means that you’ll receive the best possible service, and our competitive plans starting from just £10 per month make quality insurance accessible to all. No matter your questions or concerns, we’re here to address them and ensure you have a clear understanding of the coverage you’re choosing.
Choose Manuka Money for insurance, and rest assured that you’re making a wise investment in protecting what matters most to you.
Tailored Protection for Your Peace of Mind
At Manuka Money, we understand that every individual and family has unique needs. Our insurance services are designed to offer tailored coverage that fits your situation perfectly.
Experience the Difference with Manuka Money's Customized Insurance Solutions
Rely on Manuka Money's Expertise for Informed and Secure Insurance Choices
Enhance Your Peace of Mind with Manuka Money's Versatile Insurance Plans
Discover the Insights That Truly Matter!
These real-life experiences offer a glimpse into the world of Manuka Money. Learn first-hand how we've transformed aspirations into reality, providing tailored mortgage solutions and unwavering support.
We were introduced to Carl through a mutual friend, who had worked with him prior to him setting up his own company Manuka mortgages. Our initial enquiry and dealings began early in 2022 as we were at the fact finding stage and needed some advice.
Some months later we got back in touch with Carl as we were ready to push the button on a house.
Carl is a delight to work with, he is friendly and approachable (unlike other brokers I have worked with in the past!) he is throughly professional and extremely efficient. We have no hesitation in recommending his services.
— Stephen B. (Homeowner)
I cannot recommend Carl enough! Absolutely fantastic from the start to the finish of us purchasing our house! We are self employed which made it slightly more difficult but nothing was too much trouble, no matter the time of day Carl was there to put our mind at rest and give us great advice. He was honest from the start about all our options and really did his best to help. We will definitely be using Carl again when we remortgage. Such a lovely yet professional man who will absolutely do his best for you!
— Courtney (Homeowner)
I wanted to get a new mortgage with a more competitive rate of interest and was advised to try Manuka Money by a friend. I am so glad I did! The process was painless and quick, with everything laid out in easy to understand terms.
My options and needs were discussed in detail and I can't fault Manuka Mortgages for a single thing. Not only were all options spelled out for me, I was given first hand accounts of experience with each company and advised on the basis of that who would be best to go for. The entire time I was speaking to the same person, I did not feel like I was being passed from pillar to post but was given a bespoke experience.
I will recommend this company to absolutely anyone who asks me for mortgage advice.
— Mr King. (Homebuyer)
Frequently Asked Questions
What sets critical illness insurance apart from income protection?
Both critical illness insurance and income protection serve to provide financial support in case of a serious illness. However, they differ in two key ways. Firstly, critical illness insurance offers a lump-sum payout upon diagnosis of a covered illness, while income protection provides a monthly income if you're unable to work due to illness. Secondly, critical illness insurance covers specific long-term conditions outlined in the policy, such as stroke or cancer diagnosis. On the other hand, income protection often covers a broader range of everyday conditions like back issues or depression that impact your ability to work.
Is Income Protection Right for Me?
Before you decide on an income protection policy, it's essential to assess your financial vulnerability in case of unemployment or sickness and evaluate the existing safety nets you might have in place.
If you're employed, it's a good idea to check the duration of your employer's sick pay coverage. Some employers extend sick pay beyond 12 months, potentially reducing the urgency of income protection. However, keep in mind that the average income protection claim lasts for around 4 years!
Consider your emergency savings – do you have enough to sustain yourself if your income suddenly stops? Shockingly, nearly 2 out of 5 households have less than £1,000 in savings, and 1 in 5 have no savings at all.
Is Income Protection Affordable?
Considering the possibility of being unable to work due to illness is a prudent step, especially as it's statistically more likely to occur than experiencing a critical illness or passing away. To gain insights into the likelihood of such scenarios before your retirement, you can use the LV= Risk Reality calculator. This higher likelihood of claims is reflected in the relatively higher monthly premiums of income protection plans. However, this reflects the increased potential benefit you stand to gain from the policy. This is one of the reasons why we believe income protection offers exceptional value and peace of mind.
Several factors influence the cost of income protection insurance. These variables may include your age, the portion of your monthly income you wish to cover, whether you're a smoker, and the nature of your occupation, as certain professions carry a higher risk.
Representative Example for secured loans: based on borrowing £18,000 over 120 months. Interest Rate: 5.5% fixed for 60 months with instalments of £213.33. Followed by 60 months at the lenders standard variable rate of 5.7% with instalments of £214.36. Fees: Broker fee (£1,062); Lender fee (£595). Total amount payable £25,756.4 comprised of; loan amount (£18,000); interest (£6,004.4) including broker fee and lender fee. Overall cost of comparison 7.902% APRC. This means 51% or more of our clients receives this rate or better for this type of product. We have arranged borrowing with rates from 4.9% to 29% APRC which has allowed us to help customers with a range of credit profiles. We are a broker not a lender.
Secured Loans have a minimum term of 36 months to a maximum loan term of 360 months. Maximum APRC charged 29%.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other debt secured on it.
If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.