Should I take out payment protection?
Question asked by Helen Young
I want to take out this cover but loads of places have declined to quote stating that I am over the maximum entry age as I’ve recently turned 60. Can I get cover from anywhere?
When you apply for an Income Protection policy, the insurer will have a set maximum age for entry. This differs from insurer to insurer. Drewberry’s Independent Protection Expert, Ben Brooks, explains this for you. Just press play! 👇
Yes, the good news is you should be able to get cover from certain insurers so don’t worry.
Across the marketing it is common for Income Protection Insurers to set a maximum entry age of 59. This can and has caused issues for individuals who have policies up until age 60 only to find that their cover can’t then be extended.
Luckily there are a number of insurers who offer a maximum entry age of 64. With these insurers it is even possible for the plan to run up to the age of 70 years old.
Please don’t hesitate to give us a call on 02084327333 or email help@drewberry.co.uk. One of our expert adviser will be more than happy to talk through your situation and provide some suitable Income Protection options.