Protection

It is not possible to have a joint policy as the policies are tailor made to the individual requirements & would therefore need to take two separate policies to ensure the level of cover was correct

Yes, there are some providers who will allow cover for full time parents who are not in paid employment.

Yes, self employed are eligible to claim on an income protection policy

You can either arrange a policy that lasts until your retirement age (there may be a cap as to what age you can be covered to) or you can arrange a policy that only pays for a limited time. As an example this could be 2 years, after claiming for 2 years the policy would…

It will vary from policy to policy, but typically around 70% of your gross income. You can cover less than this to reduce the premiums, however you need to ensure in the event of a claim you receive an adequate amount for your circumstances.

You can arrange to have a deferred period on your income protection, typically this would me 1, 3 or 6 months. This means should you be unable to work, the policy will not start paying out until the end of the deferred period. The longer the deferred period, the lower your premiums would be.