Permanent Health Insurance (PHI)
Protect Your Income When Illness Prevents You from Working
Permanent Health Insurance
Peace of Mind Through Income Protection
If you are unable to work due to any illness, accident or injury. It will continue to pay you an income until you are well enough to return to work, or if not, until your retirement age.
Your income is probably your most important asset. It funds your whole lifestyle from what’s in your fridge to where you go on holidays. Your children depend on it from birth, right through to college and often beyond.
Income Protection is more competitive than you may think – the younger you start the less it will cost. And remember your premiums are eligible for tax relief at your marginal rate of tax.
Trusted. Regulated. Committed to Your Financial Security.
FAQ
Frequently Asked Questions
PHI, also known as Income Protection, provides a regular income if you’re unable to work due to illness or injury. It helps cover your living expenses until you can return to work or reach retirement age, depending on your policy.
Cover typically continues until a specified retirement age (such as 60 or 65), as long as you remain unable to work. Some policies have a deferred period before payments begin, usually ranging from 4 to 52 weeks.
No - critical illness cover pays a lump sum on diagnosis of a specific illness, while PHI provides a regular income for as long as you are medically unable to work.
Yes, you can usually insure up to 75% of your gross income (less any state benefits). Our advisors can help you select the right level of cover based on your needs and budget.
