Life, Critical Illness, & Income Protection Advisors in Oswestry

Income Protection Insurance in Oswestry provides financial support if you are unable to work due to:

Long-term illnesses – Such as cancer, heart disease, or neurological disorders that impact your ability to perform your job.

Severe injuries – Including fractures, spinal damage, or mobility issues caused by accidents.

Mental health conditions – Depression, anxiety, and other psychological conditions that prevent you from working, subject to policy terms.

It is important to check for pre-existing condition exclusions or policy-specific terms. At Chesterton Grant, we help you find a policy that provides comprehensive coverage while ensuring transparency on any exclusions.

The cost of an Income Protection policy depends on a variety of factors, including:

Your Age & Health – Younger, healthier individuals typically pay lower premiums.

Your Occupation – Higher-risk jobs (e.g., construction, manual labour) tend to have higher premiums than lower-risk professions (e.g., office work).

Policy Terms – Factors such as waiting periods (when payments start) and benefit duration (how long payments last) impact the cost.

Smoking Status – Non-smokers generally receive lower premium rates.

For example, a 35-year-old office worker in Oswestry earning £30,000 per year might pay £20–£30 per month for basic cover, while someone in a more physically demanding role could see higher premiums.

While both types of insurance provide financial protection in case of illness, they serve different purposes:

Income Protection Insurance – Replaces lost earnings on an ongoing basis if illness or injury prevents you from working. Payments continue until you recover, retire, or reach the policy’s end date.

Critical Illness Cover – Pays out a lump sum if you are diagnosed with a serious illness (such as cancer, heart attack, or stroke). This payout can be used for medical bills, living expenses, or home modifications.

Many people combine both policies to create a more comprehensive safety net for different financial scenarios.

Many policies offer proportional benefits, meaning if you return to work at a reduced income or fewer hours, the insurer may adjust payments accordingly to ensure financial stability.

For example:

If you were receiving 60% of your income under the policy and return to work earning only 40% of your previous salary, your insurer may continue partial payments to make up the shortfall.

This ensures flexibility as you transition back into full-time employment.

Yes, Income Protection is especially valuable for self-employed workers in Oswestry, as they do not receive statutory sick pay or employer-funded benefits.

Without this coverage, a prolonged illness or injury could completely stop your income. With an Income Protection policy, you can:

Maintain financial stability even if you are unable to work.

Cover essential expenses such as mortgage payments, rent, utility bills, and daily living costs.

Avoid using savings or emergency funds to support yourself during recovery.

For business owners and freelancers, this policy acts as a safety net, ensuring that you and your family remain financially secure.

Yes, it is possible to get Income Protection if you have pre-existing health conditions, but certain limitations may apply:

Exclusions – Some policies may exclude coverage for your pre-existing condition but cover new illnesses or injuries.

Higher Premiums – Depending on the severity of the condition, your policy may come at an increased cost.

Medical Underwriting – You may need to undergo medical checks or provide additional health information before your policy is approved.