Why we are recommending income protection now more than ever

Why we are recommending income protection now more than ever

November 30, 2022

In an ever changing world where working just to pay the bills is becoming the new norm – ask yourself what you would do if you couldn’t work your day job due to illness or injury?

This is where income protection comes into play. This type of cover could help you pay the bills whilst you are out of work. 

What is all the fuss about?

This type of cover could help mitigate the effects of the current cost of living crisis if you were to become ill or injured, plus it can provide both you and your loved ones with peace of mind at the same time as well.

This policy could be one of the most useful policies for you and your family, especially in this current climate. Income protection has it all – it can help pay the bills, pay-out more than once and can keep you going for years (depending on which level of income protection you choose)!

How does this cover work?

This policy could help you pay for the essentials in life whilst you are out of action by paying up to 60% of your income every month. The cover could pay-out if you were to be diagnosed with an illness or retain an injury and were unable to do your day job as normal.

These helpful bursts of money could start once your waiting period is over and may continue until you’re able and ready to get yourself back into the swing of things.

PROTECTION PLANS WITH NO INVESTMENT ELEMENT WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED THEN COVER WILL LAPSE.

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