What steps would you take if your health meant you were no longer able to work? For people with an income protection policy in place, it would likely be to focus on their health.
Those without income protection might end up thinking about money a lot more than they want to.
Research shows that 2.5 million people(1) are ‘economically inactive’ because of long-term sickness in the UK. In every life, there are periods of sickness and health. If you are ever forced to take time off work with a long-term illness or injury, income protection can help bring financial stability during a challenging time.
Life’s twists and turns
The pandemic was a good example of unpredictability. Since the start of the pandemic, 400,000 more people are out of work because of a long-term illness.
Policies like income protection insurance exist as a financial safety net for the worst-case scenario. Income protection insurance can typically cover up to 60% of your monthly income, reducing the financial stress and letting you focus on your health.
Here to help
When picking a policy, it is important to think about yourself and your dependents’ unique needs. Get in touch today and we will help you find a policy that works for you.
As with all insurance policies, conditions and exclusions will apply.
(1) Office of National Statistics, 2023