Income Protection Options


Income Protection 

This policy is designed to provide an income in the event the insured individual is unable to work due to ill health. The level of premium will depend upon the amount of benefit and term selected and most policies cease to pay the benefit once the insured is able to return to work. Income Protection policies are usually written to retirement age or 60 if earlier.

Accident, Sickness & Unemployment (ASU) 
ASU policies were traditionally sold to accompany mortgages, allowing for a regular income to be paid to the insured should they be unable to work due to ill health, an accident (or lose their job). The product can be split down, and unemployment cover is usually the optional extra available for an additional premium. Benefits are only usually paid for a specified time for example 12 months. It is important to compare ASU and Income Protection closely as one may be more suitable than another. It may also be possible to use the 2 products to work in tandem with each other. 

26 Clerk Street, Brechin, Angus, Scotland, DD9 6AY


Ferguson Oliver Wealth Management is Authorised and Regulated by the Financial Conduct Authority. Financial Services Register Number 616203.
Registered in Scotland, Company Number SC116960. Registered Office address: 26 Clerk Street, Brechin, Angus, Scotland, DD9 6AY. Trading address: Same as registed. Telephone: 01356 625285
The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK.
© 2017 Ferguson Oliver Wealth Management
| Regulatory Information | Login | Cookie Policy