Income Protection Policies (IP or PHI)

Mortgage Protection policies should not be confused with Income Protection Policies (PHI) which pay out against accident and sickness only. These policies are linked to your earnings and typically have a term until retirement age. These are fully assessed insurance policies and underwriting may be required.

The main differences between Income Protection Policies and Accident, Sickness and Unemployment policies are:
• ASU polices will only pay for a period typically not more than 18 months
• PHI could pay out for many years, possibly until retirement age
• PHI does not cover unemployment
• PHI requires full underwriting
• PHI is based upon your income and not your mortgage

If you would like to know more about Income Protection Policies, please contact Orchard and we will be more than willing to help.

To find out more information please contact us

Mortgage Protection | ASU | Income Protection | Critical Illness Cover |

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances but will be a maximum of £250, this fee will be payable on completion.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.