We hope you are keeping safe and well during these unprecedented times.
A report by the Mintel Group highlighted that 41% of people in the UK would struggle to pay their bills after an absence from work of less than six months.
If you were unable to work, your sick pay ran out and you had to claim benefits, could you still afford to pay the mortgage or rent and other household bills?
But I could rely on savings?Many people overestimate their financial security, the average UK employee only has enough savings to last them 32 days if their current income stopped. This opens up many questions such as, how will you maintain your lifestyle? How will you pay your bills? How will you keep up with mortgage or rent payments? How will you continue to provide for your family?
But I can’t afford Protection?
Many people insure their pets and their mobile phones but forget about themselves.
But what happens if you are unable to work because of injury or sickness and your income stops? How will you afford that phone bill, your rent, mortgage and other household bills?
You want to have the peace of mind that if you become ill, you have the income to maintain your current lifestyle. We can work with you to find a solution for all budgets.
But it won’t happen to me!
Unfortunately, it can and does happen, and it is important that it should be planned for and protected against. Protecting yourself and your finances is one of the most vital investments you will ever make for you and your family.
If you owned a machine that paid you a salary every month, would you insure that? Almost certainly!
If you imagine that machine is you, then it highlights how important it is for you to have a contingency plan to protect your income. You will then be able to rest in the knowledge that you have a safety blanket for you and your family should the unfortunate happen.
Income protection can ensure that you have peace of mind and are able to keep up your mortgage payments and other bills.
We have access to a wide range of providers and have the technology available that allows us to discuss, review and arrange your finances remotely and securely.
Please give us a call to arrange your Free Consultation to review your current arrangements. 01473213312
*Availability and cost of cover is subject to criteria such as age, lifestyle, current health and medical history.