Income Protection 

It is very easy to overlook the importance of protection but it’s crucial you think about it when you have a mortgage, or if you pay rent.  It could be the difference between keeping a roof above yours and your family’s head or not.

What Is Protection?

Protection is also sometimes known as insurance. It gives you peace of mind that in the event of unforeseen circumstances, such as unemployment, illness or property damage – you and your dependents have the necessary financial protection in place.

What type of protection do I need?

There are a variety of different protection policies available and each person will have different requirements depending on their circumstances. If you’re unsure about the kind protection you need, then talk to an expert adviser like us and will be able to talk you through the options, ensuring you get the right policy for you and your individual needs.

We offer advice on a wide range of protection products, from numerous protection providers.  Some of what we advise on are:

  • Mortgage Repayment Protection
  • Income Protection
  • Critical Illness Cover (CIC)
  • Life Insurance
  • Building and Contents Insurance
  • Private Medical Insurance

Here is a short video from one of the providers we work with to explain more.

Tenant Income Protection

If you were unable to work, who would be able pay your rent?

With average rents in England at £700 per month. London with the highest rents at £1,425 per month and statutory sick pay (the minimum amount an employer must pay) at just £95.85 per week for up to 28 weeks** many people will face a huge shortfall between income and expenditure should the worst happen.

What could put your income in jeopardy?

  • Serious illness such as stroke, cancer or heart attack
  • Injury’s including a fall and back pain
  • Mental health to include stress, depression or anxiety

Check out the easy-to-use calculator which shows you how much income you could lose if you couldn’t work, and how much of your income you could be protected by having an income protection policy.

Critical Illness Cover

  • Pays a lump sum or a regular income if you are diagnosed with a ‘critical illness’, as specified in the policy terms and conditions.
  • The lump sum or regular income can be used towards meeting your rent and bills, or could cover the costs of any additional medical requirement you may have.
  • You can take the time needed to recuperate fully without the anxiety of worrying about money.

What Is Life Insurance?

Life insurance is cover that pays out a lump sum if you, the policyholder, pass away during the policy term – or if you’re diagnosed with a terminal illness and not expected to live longer than 12 months. It’s there to provide some financial support for your loved ones after you’re gone, whether that means helping to pay off the mortgage or maintaining their standard of living.

Enter just a few personal details to see the Risk Reality Calculator results for you. Using only the details you enter here, the results on the next screen give you a rough idea of the chances of one of the above events happening before your chosen retirement age.

Talk to one of our expert protection advisers today and see how we can help.

Contact An Advisor Today

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