For the majority of us it is the income that we earn through paid work that enables us to meet our monthly outgoings. So given that earned income is so vital to retaining our ongoing quality of life, what would happen if accident or injury prevented you from doing your job? Indeed, your employer may have a generous sick pay policy, but this is very unlikely to last indefinitely should a health event keep you off work for the longer term. State benefits are also available, but these are limited and may not replace enough of the income that you lose to keep you “afloat”.
Income Protection Benefit (IPB) will pay you a portion of your income until you are able to return to work, normally with the payments set to commence when sick pay ends. This gives you peace-of-mind that you have a pre-defined safety net to protect your financial welfare, should the worst happen. Furthermore, many policies of this type are long-term solutions, staying with you as your working life proceeds and allowing multiple claims if necessary.
An income protection policy can be shaped to fit your budget and risk tolerance, and in most cases our clients are surprised by how inexpensive the cover is. We believe, given that the majority of people work to meet their financial commitments, Income Protection should be a priority consideration.
We are strong advocates of income protection, and we will happily give advice and recommendation of a policy without any obligation or broker fees. We invite you to get in touch so that we might have the privilege of helping you explore this area of protection.
AS WITH ALL INSURANCE POLICIES, CONDITIONS AND EXCLUSIONS WILL APPLY
