How would you pay your bills without it? Many people feel secure knowing that they have critical illness cover in place. The reality is that this wouldn’t help to pay the bills if you had an accident or temporary illness. This is what Income Protection Insurance was designed for.
Income Protection is the one insurance policy you need if you can’t afford to replace your income should you get sick or injured.
For example, if your cost of living was £2,000 per month and you fractured your upper leg and needed 5 months off work to recover, you would need to find £10,000 to pay your bills. Just ask yourself where this £10,000 would come from when you are unable to work?
Statutory Sick Pay is just £92.05 a week, so state income for this 5 month period would be just £1,841 leaving you to find the remaining £8,159 that you need to live!!!
Why wouldn’t you consider protecting your income?