💼💷 Discover the Secret to Financial Security! 💷💼
Did you know there’s a scheme that might offer workers up to £10,000 monthly if they can’t work due to illness or injury? It’s called income protection, and it’s a game changer when it comes to safeguarding your income!
Here’s the scoop: This lesser-known insurance covers 60% of your wage if you’re unable to work. Whether you’re employed or self-employed, it’s designed to provide a safety net when life throws unexpected challenges your way. You can start receiving payments once your employer’s sick pay stops, which is pretty handy considering Statutory Sick Pay is only £118.75 a week and lasts just 28 weeks.
The real beauty? Coverage can last right up until you’re 70, depending on the plan you choose. A financial adviser can help you tailor the perfect policy for your needs and lodge the application. Some lucky employees might even find their workplace offers group income protection schemes—definitely worth checking out!
Why is it not widely known? Well, unlike car or house insurance, income protection isn’t a must-have policy, so it doesn’t always hit people’s radars. But, as many have discovered, knowing about it can make a massive difference. Take Harvey, for instance. He’s an events business owner who discovered the true value of income protection when he had to stop working due to multiple sclerosis. Thanks to his policy, he’s maintaining his quality of life without the financial stress.
So, if the thought of a financial safety net sounds appealing, it’s time to explore your options! 🎉
Have you considered income protection? Let us know in the comments! 📣
#IncomeProtection #FinancialSecurity #PeaceOfMind #ProtectYourIncome #FinancialPlanning #InsuranceAwareness