At Chase Wealth Solutions we understand the importance of protecting your income if you are unable to work. An Income Protection policy will pay a percentage of your normal income after a set deferment period if you are unable to work due to sickness or accident. Usually the deferment period is 3 or 6 months and this cover is usually arranged to commence once the employer ceases paying the salary. This cover can pay an increasing level of cover for the rest of your expected working life unless you return to work before retirement. The benefit is taxable as income for a Manx resident. To discuss your Income Protection requirements or to arrange a quotation please contact us using our online contact form or call Paul on 01624 640350.