FAQ's

Information About Income Protection

Why protect your income?
Are you protecting your income, the one thing that pays for everything?

Have you ever thought about what would happen if you were unable to work and your income ceased?

Take a few minutes to think about your financial commitments...and how much you actually spend every month…

If you had no income, due to unforeseen illness, injury, accident or disability, how would you pay for this lifestyle?

We don’t usually think of our current income and our future earnings as an asset. However, this is what pays for everything else – a mortgage, bills, children’s education, insurances and so on. In general, we tend to be overly optimistic about how we would manage if we were unable to work due to illness, injury, accident or disability. Many people also tend to overestimate company sick pay arrangements and the support provided by the state.

What arrangements does your employer have if you are on long term sick leave?

How long would your savings last if you were to draw on them every month to cover the cost of day to day living?

How would you continue to pay for your outgoings without an income?

How can i protect my income?
Many of us have thought about planning for our future after we finish our working life. But what plans do we have in place if our working life had to end sooner than expected?

Income Protection is a form of disability or sickness insurance that can help
prevent financial worries should you no longer be able to earn an income.

It is a very simple plan, that is becoming increasingly popular in order to protect lifestyles in today’s world. You simply pay a monthly premium, based on factors such as your occupation, health, etc. that will ensure you receive a regular income if you are unfortunate enough to be out of work.

There are no restrictions on the type of illness, injury, accident or disability that are covered. Best of all, the important choices are up to you. Depending on your own individual circumstances, you can choose from various options. This enables you to tailor the product to suit your own requirements.