Why we are recommending income protection now more than ever

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. Keep reading to find out more about the insurance product that has a whole awareness week dedicated to it!

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 can 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 will 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 will start once your waiting period is over and can continue until you’re able and ready to get yourself back into the swing of things.

Not sure whether you want to dive straight into income protection yet? Try our free, easy-to-use calculator which can provide you with an estimate of how much you could be paying for your cover in just 30 seconds. Click below to try out our calculator today!

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Is income protection cover worth it?

YES!

We may sound biased but yes, income protection is 100% worth it, especially if you have loved ones who are financially dependent on you or if you have little to no savings.

This cover can ensure that you can pay for all the things that matter in life - even if illness strikes. The policy can help pay for the essentials such as:

  • Childcare costs
  • Rent/mortgage payments
  • The weekly food shop
  • Your monthly bills

Key takeaways

  • Have a think about what elements of your life you financially protect and ask yourself why not protect yourself - who would pay for it all if you couldn’t work anymore?
  • If you have no savings, are self-employed or have loved ones who are financially dependent on you then this cover could be the one for you.
  • If your income were to suddenly stop due to serious illness or injury, would you be able to afford to pay for everything else in your life? If the answer is no, then you probably should be considering income protection.
  • Get in touch with us and we can help you every step of the way, just click the button below to get started today!


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