Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

Income protection to benefit the whole family

In this quick overview, we go into the reasons why everyone in the family should have income protection. 

Income protection is a policy that will cover you financially if you can’t work due to sickness, injury, or disability. Did you know that in an ideal world, everyone in the family will benefit from full coverage?

From the working parent to the stay-at-home parent. And even policies to take care of your children if they get sick. Your time off work caring for them, plus any bills associated with hospital visits and medical appointments, can be covered.

For example, in a family where one parent works and the other stays at home, you may think just the working parent should have income protection.

But what would happen if the stay-at-home parent had an injury where they couldn’t perform their usual role? 

Either the working parent would need to stay home (and couldn’t work). Or you’d need to hire, at least, a nanny, cleaner, and cook (and probably a few other roles too… think admin, washing, food shopping, etc). This could all add up!  

One key benefit for income protection is preventing debt accumulation. You may have to use loans or credit cards to cover expenses. However, income protection provides a buffer, helping to avoid this debt trap. Likewise, it can reduce the pressure on other family members who’ll take on additional work to make up the shortfall. 

Instead, you’ll have peace of mind to just focus on recovery – with your income and medical costs covered under your policy. 

Did you know we can create customisable plans? Each family member can choose a policy that fits their specific needs. It’s so flexible and adaptable for all. 

Whether you are a high-income earner or someone with a specialised skill set, income protection is personalised to you! We will go through the details. And help you weigh up the costs and policy terms, so you only get (and pay for) what you need. It can be hard and upsetting to think about the scenarios. Let us take care of this for you.  

For a resilient household prepared for whatever life might throw at you, we’ll help you prepare for the unexpected! Contact us to safeguard both the present and future well-being of your loved ones.

SPEAK TO AN ADVISER

Related

Autumn Statement: 95% Mortgage Guarantee Scheme has been extended

Autumn Statement: 95% Mortgage Guarantee Scheme has been extended

As part of their Autumn Statement, the Government announced that the 95% Mortgage Guarantee Scheme h...

Read More >
How to talk to the next generation about money

How to talk to the next generation about money

Teaching children about money is an essential life skill that will serve them well as they grow olde...

Read More >
Secured loans – Defeat the debts

Secured loans – Defeat the debts

It’s no secret that the results of the pandemic and the more recent cost of living crisis have left...

Read More >
Financial support when you really need it

Financial support when you really need it

Having a policy in place to provide financial stability can help you to relieve any financial pressu...

Read More >
Myth busting: Private medical insurance

Myth busting: Private medical insurance

In today's rapidly changing world, health and well-being have become paramount concerns for indi...

Read More >
Manage cash flow by leveraging your equity

Manage cash flow by leveraging your equity

Loading up the credit card is something we see all too often. But have you thought of leveraging the...

Read More >

What our clients say...

Latest Blog

Your Guide to Medical Underwriting

Let’s be honest, insurance can often feel a bit overwhelming when going through the fine print! Whe...
Read More

When Might an Insurer Not Pay a Claim?

We often get asked, when might an insurer not pay a claim? I understand how frustrating it can be wh...
Read More

Have You Heard of the Term ‘Mortgage Prisoners’?

If you’re a homeowner in the UK, you might have heard the term “mortgage prisoner” being thrown a...
Read More

Life Cover Isn’t a Nice Option to Have - It's Essential

Life is unpredictable, and the thought of what would happen to your loved ones if you were no longer...
Read More

Why It Pays to Speak to a Mortgage Broker Six Months in Advance

When it comes to buying a property or remortgaging in the UK, most people don’t think about mortgag...
Read More

Top tips: How to Boost your Income

We’ve scoured the internet and swapped tips around the office to find simple (and sometimes a bit c...
Read More

Health Insurance Isn’t Just for Emergencies

When people think of private health insurance, they often imagine it’s only there for the big stuff...
Read More

How Homeowners Over 55 Can Fund Their Garden Retreats

Over the past few years, many homeowners have discovered the value of creating dedicated spaces in t...
Read More

Buildings & Contents Insurance Has Your Back

When disaster strikes, from a burst pipe, a kitchen fire, or a break-in, you need buildings and cont...
Read More

Understanding Protection vs Insurance: What’s the Difference?

You may have heard the terms “Protection” and “Insurance” (like critical illness insurance and l...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top