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Income Protection
INSURANCE
Why take out income protection?
Family: If your family depend on your income, the loss of income can be severe. The pay- out from Income Protection can ensure your income is covered. Taking care of your family is the main reason why you should take out an insurance policy. Whether it may be for Income Protection to protect your wage, or for a Life Insurance policy.
Household Costs: Income Protection can ensure that in the event you cannot work due to illness or injury, you can still afford to pay your essential household bills. For example, mortgage/rent, utilities etc.
Self Employed: If you’re self-employed, unfortunately, you won’t receive any sick pay or SSP. Income Protection can be important to ensure your income is replaced if you fall ill.