CASE STUDY: Income Protection - Sharon's story
It can be difficult to see the reasons we may look at Income protection as a necessary expense rather than a luxury cost. But ensuring our loved ones are cared for should the worst happen, or our financial obligations are not a concern in horrible circumstances, is a priceless expense.
Income protection insurance offers peace of mind and security as it allows you to insure yourself against loss of income in the future. An income protection policy can be a relatively small outlay given the re-assurance it could offer you. You can use the tax free money to help pay your bills and living expenses until you recover and can return to work. If you are self-employed, this is a vital policy as you will not receive any support from the state should you not be able to work. Also, if you are employed, you can also take out unemployment cover to further cover yourself in case you lose your job.
Take a look at the Case Study video to see just how useful securing this protection for your family could be.
SPEAK TO AN ADVISER
Get in touch today to discuss your protection needs and to find a suitable policy for you.
Credit: https://www.aiglife.co.uk/advisers/knowledge/case-studies/sharons-story/
Related
Taking extended breaks during the Winter has always been popular due to the enticing 'off-peak&#...
Read More >
On the 6th March, the Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget for 2024...
Read More >
As we continue to battle the cost-of-living crisis, it’s easy to see the solutions damaging our cre...
Read More >
To support those who are having difficulties in making their monthly mortgage payments, a mortgage p...
Read More >
Halloween is just around the corner, and while it's a spooktacular time for children, it can als...
Read More >
Just like any meaningful relationship, building a strong connection with your finances requires time...
Read More >