What is income protection cover, and do I need it?
Income Protection Insurance is going to ensure you can still pay your bills and keep your lifestyle if you are unable to work due to sickness or accident.
You may have savings that could be used to pay your monthly costs, but for how long? And do you want to use your savings to cover your bills? You need to think carefully about whether you want to rely on them and whether they can cover a long period of ill health, or if you were to face another emergency which would use up your savings and leave you with no cover.
If you are employed, self-employed, or receive sick pay but only for a limited time, then please get in touch today to discuss how we can protect your income to avoid financial difficulties if you are sick.
Can you survive without your income?
If you were unable to go to work due to sickness or injury, would you still be able to cover your monthly bills? If you are self-employed or your employer does not offer you full sick pay for the entirety of your time off, then you need to consider how you would be able to afford your outgoings.
Income Protection Insurance, also known as sick pay cover, is a product that will pay you a regular income if you are ever off work due to an accident or an illness. Giving you peace of mind that if you’re unable to work, your bills will be covered, your credit score protected, and your home and lifestyle can remain the same whilst you are unable to work.
At Sturgess Mortgage Solutions, we believe income protection should be a key part of a well-planned mortgage strategy. Our team can guide you through your options and help you understand what level of cover may suit your circumstances. Whether you are comparing policies or looking for the best income protection insurance for your needs, our team can support you with clear, straightforward advice. We can also assist you in arranging an income protection quote and help you compare income protection insurance from a range of providers, ensuring you make an informed decision with confidence as part of your wider financial planning.
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