• 7 Financial Planning

7 Reasons to set up an Income Protection policy.

1. Protect yourself financially.

An Income Protection policy provides financial cover should you end up in a situation where you are injured or too ill to work.


Having the right policy in place can help protect you financially should the unexpected happen, and help to bridge the gap in your pay until you can return to work.


2. Protect your family.

Being off work for a long period of time can cause great financial strain on you as well as your family.


Having an Income Protection policy in place makes sure that you can still afford to get the kids a new uniform or replace their shoes without breaking the bank


3. Unpaid time off work can be physically and mentally distressing – don’t let it be financially.

If you’re off work due to an accident or an illness, chances are you’re already stressed enough without having to worry about your finances.


An Income Protection policy helps to relieve some of that stress by providing an extra bit of support should things go wrong.


4. Protection after your employer’s sick pay ends.

You may think that Income Protection isn’t suitable for you because your employer has a decent sick pay policy, but what happens if you’re off work for longer than they cover you for?


Income Protection provides exactly that, and will continue to pay out even after your employer’s sick pay ends.


5. Complete protection for those who are self-employed.

If you’re self-employed, you won’t have the support of an employer sick pay policy – it’ll all be out of your own pocket!


An Income Protection policy gives you peace of mind that you can keep yourself afloat should you need to take time away from work.


6. Cover until you reach State Pension age.

An Income Protection policy will provide you with cover until you reach State Pension age, meaning that if you keep the policy in place for your whole working life, then you’ll always be protected.


There isn’t a cut off point until you retire!


7. Give yourself peace of mind.

Life goes on, whether you want it to or not – Income Protection policies can help you have a better mentality about that should the unexpected happen.


Hopefully it never does, but it’s always better to be safe than sorry!


Speak to us today and we can help you get the right policy in place to give you the peace of mind that you deserve.




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