What would happen to your finances if you weren’t able to work? Are you financially prepared?
Our income is often the centre of our life, whether we like to admit it or not. Without money how would we eat? Who would pay for our heating and electric bills? What about our mobile phones and broadband? Think how much you spend on a monthly basis – What would you do?
What would you do if your income stopped? If you were sick or had an accident, meaning you weren’t able to work, how long could you survive financially? Of course there is Statutory Sick Pay (SSP) but that pays only £88.45 per week – how long could you survive with that income?
What would you do if you were made unemployed? How long could you survive financially with no income?
At The Mortgage Clinic we want to make sure that you can continue to pay your household bills and living expenses no matter what happens. We always recommend cover for income protection in the event that you are unable to work due to accident or sickness, or unemployment.
Did you know?
Long Term Illness Causes 12% of workers to quit before pension age in the UK. In N.Ireland this figure rises to 25% (*BBC September 2016)
Even if your employer provides sick pay benefits such as full pay for 6 months, you should still consider the longer term impact of an illness or accident. The average amount of time that people are off work sick or due to an accident is 5 years! We can tailor a plan to fit around your employer benefits so that you aren’t paying for cover that you don’t need.
At The Mortgage Clinic we will discuss your protection needs fully to make sure that you have cover in place to suit your needs and your budget.
We are independent providers of Income Protection and our hand-picked insurers provide various levels of cover, with additional benefits available, and all have excellent claim payment history. We want to help you and your family financially in the event that you are unable to work, and stop receiving your income, allowing you to look after what really matters – you and your loved ones!