Executive income protection pays your business a monthly benefit amount if, due to accident or sickness, the life assured becomes unable to work and so loses earnings. This allows you to insure the income of valued employees.
This benefit must be used to help pay replacement income to the employee while they’re off work and will be paid through the PAYE (Pay As You Earn) system. Income Protection is designed to cover your monthly financial commitments such as your Mortgage/Rent, Bills and Food. Income Protection is the one protection every working adult should have.
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For more information on Executive Income Protection, Contact Us today.