If you have financial commitments which must be met, month in and month out, protecting your income becomes a necessity not an option. Unfortunately, very few employees have long term income replacement insurance as part of their contracts of employment. Most may expect to be paid for a month or two before sliding onto Statutory Sick Pay. If you are self employed, the situation is more bleak. Protecting your income is entirely your own responsibility
The most cost effective long term solution is is permanent a income protection plan. For a small monthly payment you can ensure that a salary cheque arrives in your bank every month if you are unable to work. These are flexible plans which allow you to protect up to 60% of your salary and can be tailored to your exact requirements. Most people match the benefit to their average earnings and the benefit period to the term of their mortgage or retirement date. Income Protection differs from Accident & Sickness plans primarily in the amount you can protect and in the term that they run for. It is important that you review these plans every year so they keep pace with your income.
If you want to the peace of mind of knowing that your bills will be paid and your family lifestyle protected if you are unable to work, press the Quick Call Back button and complete the enquiry form. One of our client advisers will ring you back for an obligation free discussion. Mortgage ID is open 8.30am to 7pm Monday to Friday and on Saturday by appointment. |
