Can you survive without your income?
If you were unable to go to work due to sickness or injury, would you still be able to cover your monthly bills? If you are self employed or your employer does not offer you full sick pay for the entirety of your time off, then you need to consider how you would be able to afford your outgoings. Income Protection, also known as sick pay cover, is a product that will pay you a regular income if you are ever off work due to an accident or an illness. Giving you peace of mind that if you’re unable to work your bills will be covered, your credit score protected, and your home and lifestyle can remain the same whilst you are unable to work.
What is income protection cover and do I need it?
Income Protection is going to ensure you can still pay your bills and keep your lifestyle if you are unable to work due to sickness or accident.
You may have savings that could be used to pay your monthly cost, but for how long? And do you want to use your savings to cover your bills? You need to think carefully about whether you want to rely on them and if they can cover a long period of ill-health or if you were to face another emergency which would use up your savings and leave you with no cover.
If you are employed, self employed or receive sick pay but only for a limited time, then please get in touch today to discuss how we can protect your income to avoid financial difficulties if you are sick.
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