Income Protection | Insurance & Mortgage Brokers | Hawke Financial

Income Protection

Income protection pays a monthly benefit in this instance where you are unable to work due to an accident or sickness

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Income Protection

Structuring the most effective Income protection

Income protection should align with your earned income, any additional household income and savings.

Here is our guide to understanding the elements of Income protection:

Benefit – the amount you need to be paid to you each month to help cover your monthly costs (capped at 60% of your gross income)
Defer period – considering your sick pay and how much savings you have, after how long will you require the benefit to be paid out
Benefit period – the amount of time you will receive the benefit for
Term – the duration of the policy for which you are covered

We will go through your circumstances with you and ensure that:

Your benefit is relevant and satisfactory – does not exceed 60% of your gross income per month
The policy pays out after you have stopped receiving sick pay, weight of bills wears thin on household income remaining and length of time savings would last
You have a benefit that will pay out for a reasonable period of time so that you are not over insured

Income protection policies should pay out when you have been signed off work due to accident or sickness by your GP.

Your Income Protection Insurance Adviser

Your Hawke FS Brokers will help you properly understand your options and decide which policy type is best for you. They will research the current market to find you competitive and comprehensive cover.

Your Adviser will also ensure that the appropriate support is in place for getting you back to work at the right time for you. They will help you get your life back on track once you have come through the period of unemployment. In short, your personal Adviser will ensure that everything is done to leave you with complete peace of mind.

Income Protection - Case Study 1

John, 27, a talented stock broker is employed and lives alone. He receives sick pay for 6 months and does not have any savings.

The household bills are not serviced if John is not earning so in this instance one might recommend a Income protection policy that pays out after 6 months for a period of 2 years as a maximum or until John gets better. However due to John’s age a policy that paid for the until he was better or the duration of the term might not be that different in cost and in a highly stressful environment (trading) he could get signed off work due to stress for many years.

Income Protection - Case Study 2

Kate, 42, a skilled consultant working for the NHS lives with her children and husband Rupert. The NHS pay her sick pay for 12 months and Rupert is working as well and they have ample savings.

In this scenario we would consider how relevant is it that Kate has Income protection. This is due to they level of cover she has through her employer is substantial; the savings could cover the mortgage costs for a significant duration of time and Rupert could afford the mortgage with just his income alone.

Reviews and Feedback

Our valued, satisfied clients, past and present have kindly left a vast selection of reviews for our trusted advisers.

An excellent service as always by Robin and his team, I have dealt with Hawke financial services on a number of occasions and each time there service has been excellent...

We received a friendly and knowledgeable service. All options were clearly explained and all questions were answered quickly. Overall we received an excellent service...

We have used Anna for over 10 years now, and she is absolutely brilliant! She always goes above and beyond with her support and her communication is excellent. We have recommended her to many happy friends!

Sam has advised us on mortgages for many years now. She is fantastic - responsive, thorough and great to work with. Thanks

Process very efficient and smooth on our remortgage.

As a first-time buyer, I encountered more than my fair share of obstacles- two houses fell through before my third house was successful. Adam was incredibly patient and knowledgeable, and he always made time to explain things clearly and never rushed me, even when things got complicated. He took the stress out of a process that could have been overwhelming. Thanks to Adam, I not only secured a great mortgage, but I also made it through the process with peace of mind. If you're looking for someone who is professional, empathetic, and genuinely cares about getting you into your home, Adam and Hawke financial services are your people!

For years I used to sort my own re-mortgages out, last 2 times I have used Luke at HawkeFS, and have to say he has been fabulous. Knowledgeable, professional and got everything done on time. Highly recommended. Cheers.

I have to say that I am thoroughly impressed with this company, specifically Oliver. He goes above and beyond, responds in minutes, always kept me updated and just fantastic all around. He really made the process just that much easier.

Couldn’t be happier with Robin: down to earth, helpful and quickest service ever thank you. Highly recommended very professional

Great service. I have used for couple of my remortgage. Peter is amazing and never tired of explaining and getting a good deal.

Hawke came recommended by a friend as a company who are experienced supporting clients in the NHS who are on temporary contracts. Robin (and the rest of the team we dealt with) was fantastic - always available to give some advice or to listen to my complaints about what ended up being a convoluted and stressful purchase (no fault of Hawkes!). He definitely ended up doing far more work than usual as a result but supported us through to the end, and the team regularly checked in and kept us updated if a better deal came up. I would definitely use them again.

Peter & Josh did a superb job securing our mortgage. I was impressed with their communication, swift replies and updates.

Luca was amazingly helpful, keeping me updated throughout the process. He was able to improve my deal a few times whilst waiting for the sale to complete. I would recommend Hawke Financial Services to anyone looking for a mortgage and I will definitely use them for future house purchases

Case studies

These case studies detail our commitment to delivering personalised and effective Commercial Finance and Commercial Mortgage services tailored to each client's unique requirements.

First Time Buyers

Buy To Let

Residential Purchase

Residential Remortgage

Insurance & Protection

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