Income Protection is designed to replace your regular income if you are unable to work due to illness or injury and will pay you a percentage of your salary each month, until you return to work.

If you are lucky enough that your employer pays you in the event of sickness for a period time, we will make sure we take this into account. We even have specific cover available for NHS professionals and Public Sector workers.

Day 2 - Risk to Reality

We all like to think we are invincible but sadly this is this not the case. LV’s Risk Reality Calculator highlights the chances of certain events happening before retirement.

This is NOT designed to scare you, simply to highlight that having suitable Protection can support you financially if these circumstances do arise.

Take a look for yourself here: riskreality.co.uk/gen

Day 3 - Deadline to Breadline

Every year, Legal & General conduct their Deadline to Breadline study highlighting how long the average person could cover their basic living costs were they to lose their job.

The 2022 report found that:
- Households are only 19 days from the breadline, down 21% since 2020, from 24 days
- 60% of households have less than £5,000 in savings, and 16% having no savings at all
- 2 in 3 (67%) prefer to save for an unforeseen event rather than insurer

If you had a cash machine at home that provided your Income on a monthly basis, would you insure it in case in broke down? 

If the answer to this question is yes, isn’t it worth insuring yourself if you couldn’t work due to illness or injury? 

Day 4 - Low-cost Income Protection

Like it or not, most of us will spend a vast amount our lives working. Although some of us will love our jobs, the main reason for this is to ensure we can cover our outgoings and save for retirement. It’s important to consider how an unforeseen illness may not only mean we struggle to pay our bills but it can also impact on our future plans.

This is where Income Protection can help! We can arrange cover that could pay you every month until retirement if you were unable to return to do your own occupation due to Incapacity (ill health).

Alternatively, short-term Income Protection that pays you for 1, 2 or 5 years can be arranged for those looking to have cover but at a lower premium.

Having some Income Protection will always be better than having no Income Protection.

Day 5 - How can we help?

 

Our specialist Protection advisers will look at your circumstances, listen to your concerns and take the time to understand your priorities. By doing so, you can be sure we have made a personal recommendation which provides you with the peace of mind you deserve.

When providing you with advice, we will discuss the different options available along with your monthly budget. We will agree a premium that is comfortable so that you still have disposable income left to enjoy some of life’s luxuries

We understand that in life, circumstances change. This is why we review your needs (and policy) on an annual basis, to ensure you continue to have suitable provisions in place in the worst-case scenario.

We hope you have found the Income Protection insights useful. Please get in touch if you'd like to discuss your needs & circumstances.