Guaranteed income insurance
Secure your repayments in the event of a setback.
Guaranteed income insurance pays an annuity if an incapacity for work (illness, accident) reduces your income — enough to keep honouring your credit and your charges.
A prolonged incapacity for work (illness, accident) can cause your income to drop, while the credit and the charges keep going. Guaranteed income insurance pays in this case a replacement annuity, calculated according to your loss of income and the degree of disability, after any waiting period.
It is particularly useful for the self-employed, often less well protected by social security than employees, but also for anyone whose budget rests on their professional income. We help you calibrate the amount of the annuity, the duration of cover and the waiting period, and compare the contracts for effective and affordable protection.
Your questions, our answers
What is guaranteed-income insurance for, as a self-employed person?
It pays you a monthly annuity if illness or an accident prevents you from working, on top of the legal benefits — which, for the self-employed, rarely cover more than a third of real income. It is the most important protection for anyone who lives from their activity, especially with an ongoing loan.
What amount should be insured and until what age?
Typically up to 80% of professional income, with an annuity paid until 65 or 67 if the incapacity persists. The waiting period (often 30 to 90 days) drives the premium: the longer you can hold out on your reserves, the less the cover costs.
Is the guaranteed-income premium tax-deductible?
Yes: for a self-employed person, the premium is deductible as professional expenses, which strongly reduces its real cost. The annuity received is then taxable, but at a moment when your income has precisely dropped. Your accountant and broker optimise the formula together (individual or via a company).
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