
Many people tend to not think about what would happen if they become sick or injured and therefore cannot work. Statutory sick pay is there to help you but would this small amount cover your mortgage payments and bills? And for how long would that be covering you for?
Income protection is there for when you cannot work due to illness or injury and pays out an agreed amount to you allowing you to cover your mortgage payment and bills. Mnay home owners rely on savings during this situation as their safety net, however it is important to ask yourself these questions:
-How many months will my savings cover my mortgage and my bills?
-Will using your savings affect your long term goals or your retirement?
Income Protection comes at a small cost to take a huge weight off your shoulders and we can provide you a quote for this at any point. We can ensure this cover the amount required for you to live comfortably in that time of need.
