Hi everyone, I am back with another look at an insurance product that can be incredibly useful, especially for small business owners. Protecting your income is one of the key things that any of us can do, to try and give ourselves financial security for the future. As with any protection insurance it’s something that we hope to never have to claim on, but we will forever be grateful for if we have taken it out.

In this episode I am explaining some of the main ways that executive income protection is different to personal income protection, how to explain the benefits of the policy if you get some client objections and a case study to show the potential pricing of the cover.

The key takeaways:

• Executive income protection is available with an employer and employee relationship
• Company Directors taking dividends need to be clearly advised on how the claims process works if they continue to take dividends after becoming too ill to work  
• A case study of executive income protection

Next time I am going to be discussing a topic that could be quite difficult for people to listen to. I was approached on social media about how the rules of life insurance work in regards to assisted dying, given the recent debates in Scotland and Isle of Man. It might not be an easy episode to listen to but I hope that people will find it useful.

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.