Planning ahead is something we all do without thinking, from saving for holidays to who’s doing the washing up. Financial planning on the other hand can sometimes seem overwhelming or something to put off until tomorrow. BUT how would you pay the bills if you were sick or accidentally injured and couldn’t work?
Research from Legal & General’s Deadline to Breadline has shown that on average UK employees could be on the breadline in just 32 days if they lost their main source of income.
While income-related benefits from the Government may be available, these are limited. Standard Statutory Sick Pay is currently only £89.35 a week and Jobseeker’s Allowance is up to £73.10 every two weeks*. With this in mind, it makes sense to think ahead and give you and your family some protection.
Income Protection Benefit could be a good way to help give you and your family some peace of mind. Cover is simple to arrange and tailored to your individual needs, providing:
- An insurance policy that’s easy-to-arrange.
- Continued benefit if you go back to work in a reduced capacity, with a reduced salary.
- Return-to-work support services.
- Guaranteed premium unless you change your plan or link it to inflation.
Get added peace of mind with Income Protection for when the unexpected happens. So please get in touch if you would like to discuss the product benefits and limitations further.
For curiosity, you can see the stark reality of your own situation by visiting the Breadline to Deadline Calculator here Courtesy of Legal and General