Could you continue to cover your basic day-to-day living costs, household bills, rent or mortgage repayments if you unexpectedly suffered an illness or had an accident that stopped you from working? How about if you were out of work for months on end? If the answer to this is no, then you can’t afford to not consider income protection (IP).
Sure, you could be entitled to sick pay and benefits, however, these may only support you for a short period of time. When this money runs out, all your bills and mortgage payments still need to be met on time, so not considering how you would cover them could be a big mistake.
Many think this won’t happen to them, but it’s important to recognise that nobody is free from the risk of illness and accidents. Most people have not given much, if any, thought to how they would handle their income suddenly stopping due to accident or illness, and the long-term effects this could have on their finances. When interviewed by Which?*, only 9% of people said they have some form of IP, compared with 41% who have life insurance and 16% who have private medical insurance (PMI). This is shocking when you consider that research has shown up to 25% of us could be affected in our life.
It could help safeguard you and your family against an unexpected loss of income so you have one less thing to worry about, leaving you to focus on your recovery. The plan will continue to support you until you are well enough to return to work, or until you reach the end of your plan- it’s your choice. Imagine the peace of mind you would have, knowing that if anything were to put you out of work, you would have a regular replacement income deposited straight into your account?
Find out how much your income protection cover could cost by applying for a free, no-obligation quote below…
Here’s How You Do It:
Step 1: Click your gender below.
Step 2: Once you go through a few questions, you will have the opportunity to compare quotes and get covered from today!