Protecting your family's income
“Government statistics show that at February 2009, over 1.2 million people had been unable to work for five years due to illness or accidental injury.”
Source: Department of Work & Pensions, December 2009
Raising children is an expensive (and tiring!) hobby when you are fit and well undertaking your roles within the family whether they be bread-winner or carer.
Unfortunately ill-health and sickness can impact on your ability to work and thus financially provide for your loved ones.
Income protection plans can provide you with the peace of mind to know that if you are unable to go to work after a set period that you will have money coming in to the household.
You can insure a level of your income to be paid out if you are unable to follow your own occupation after a pre-determined period. This cover is also available to stay-at-home parents as well.
Whether you link the cover to your employer’s sick pay benefits or have a plan to pay your mortgage, this protection can underpin your financial planning. Many people take out life assurance for their family but income protection is arguably more important.
Our advice in this area requires an understanding of your personal circumstances so we can explain your options and make you aware of the choices.
If you wish to discuss this, please contact us and we can answer your questions and explain your options.
Contact Us
Telephone: 0800 043 5440
Email: info@parentguidetomoney.co.uk
