Could you keep your roof over your head if unexpected illness or injury strikes? Protect your home and financial future with proper income protection

HERE’S a question for you all… how would you pay your mortgage and bills if you were suddenly left unable to work due to illness or injury?

Could you rely on savings? Maybe a family member or close friend might help? Well, they might for a while … but after a month or two they may start to reconsider.

After all, the costs would soon add up. Think about it for a minute – add up the cost of your mortgage or rent, your utility bills, any loan repayments, car finance, council tax … and that’s before you even get to the food and drink you & your family need to live on.

It soon adds up and if you then multiply that by two, three, four months or more, the figures can be quite frightening. Even if you have savings, very few people have enough tucked away to live on for more than a couple of months.

The hard truth is that your bank or your landlord will still expect to receive their money, even when things go wrong.

And before you turn around and say “Oh yes, but I’ll be back to work within a few weeks…”, the fact is that the average Income Protection claim lasts for more than FIVE YEARS!

But Income Protection insurance is a type of insurance that pays out a regular income if you are unable to work due to illness or injury.

The amount of income you receive will depend on your policy, but it is typically around 60% of your pre-tax earnings.

It is designed to provide a precious financial safety net if you are unable to work. It can help you to cover your essential expenses, such as mortgage payments, rent, and bills, while you are recovering from an illness or injury.

Here are some of the benefits of income protection insurance:

• It can help you to cover your essential expenses if you are unable to work.
• It can give you peace of mind knowing that you will have financial support if you are unable to work.
• It can help you to protect your family’s financial security.

So it really is a tremendous policy that everybody should consider as none of us know what lies around the corner in life.

My job title is Mortgage & Protection Adviser for a reason … as well as helping you secure a great mortgage deal, I also want to make sure you are protected against losing your home should life take a turn for the worse.

Income Protection is just one way of doing that … and it does not need to be as expensive as you may think.

If you would like to find out more, please get in touch on 01277 361700 or by emailing me at brad@ernestmay.com

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