PROTECTING YOUR MOST VALUABLE ASSET
What the Covid-19 pandemic has shown us is that anybody can get sick at any time. Even those who you would consider to be fit and healthy.
But what happens if you are so sick you can no longer work?
For some luckier than others, they may find that their employer will still pay them whilst they are off sick.
Almost certainly, there will be little help from the state, regardless of how much you have paid into the system over the years.
The answer could be to take out some insurance on yourself. We are all familiar with making sure that our mortgage is paid for if we die or suffer from a critical illness but very few of us look at protecting our income – the very thing that pays the mortgage
Income protection is specifically tailored to your individual circumstances. The cover will be linked to your level of income and the type of work you are involved in and even how long you can wait before the benefit is paid to you. The insurance companies will not pay you the full amount of your income as if they did there would be no incentive you to return to work but, you can make sure that sufficient is coming in to pay the essential bills.
So, whether you are employed or self-employed there is no reason why you cannot protect the majority of the regular income you receive, giving that extra peace of mind should you unexpectedly fall ill.
Supplied by Citrus Financial whose mission is to help you achieve financial peace of mind.
Contact them today on 01732 834834 or email them [email protected]
Author: Helen Loder
Co-Director of Sevenoaks Mums