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Protect Your Income With One Simple Trick

After a nasty fall down the stairwell in her block of flats, Sarah tried to ignore the pain in her knees for as long as she could, struggling through work every day. She was a hairdresser and on her feet all day, causing the pain to become unbearable.

Eventually she had to admit defeat and visit her doctor, who signed her off work for 6 months.

“I was devastated, I’m a single mum to a little boy and I had no idea how I was going to support us. I was so shocked when I found out Statutory Sick Pay is only £90 a week, nowhere near enough to cover our rent and put food on the table. I genuinely thought we might end up on the street”

Now extremely anxious as well as in pain, Sarah could barely sleep. One night she was going through the mounting bills she had stuffed in a drawer, when she came across a confirmation letter for an Income Protection policy.

She had completely forgotten that she had taken a policy out over a year ago after a friend had recommended it, to cover 6 months salary if accident or illness ever meant to she had to take time off work.

“I had totally forgotten that my friend Janet forced me take out Income Protection after she was off work for nearly a year recovering from a nasty illness. I was so doubtful at first. Wondering why I would need another expense. But when I saw it only cost a couple of pounds a week I agreed to take out a short term policy. Now I’ll forever be grateful to her!”

Sarah contacted her Income Protection providers the next morning and answered a few simple questions.  After she sent over her doctors letter signing her off work, the payments started the next week.

Thanks to income protection she was able to keep a roof over her and her son’s heads, and they could carry on living as they normally would.

“I could have cried with happiness when the first payment came through. Michelle the recovery specialist was so helpful. She explained every step of the process so clearly to me, and she was really interested in how I was doing. It was like calling a friend “

But unfortunately, not everyone is as smart as Sarah, and can get caught out when they least expect it. Many think that they would be able to rely on statutory sick pay if they had to be off work, but this is not the case.

This thinking has lead to thousands of Brits unable to pay their bills and make ends meet when they find themselves unable to work for medical reasons.

This can have catastrophic consequences, such as racking up huge debts of thousands of pounds for things like gas and electricity bills, having possessions seized and even being made to leave their home because they cannot keep up with repayments.

It’s like a blessing from above for many brits

Thankfully, there is a simple way to avoid all of this. Income Protection insurance protects you against loss of income. Depending on which policy you choose, the pay outs can last until you can work again, retire, or end the policy’s term. The choice really is up to you.

 

Quick Summary: Resourceful Brits have found a quick an easy way to survive without their income. For many it’s a no brainer, as they finally feel worry-free knowing that if they were to have an accident or fall ill, they could still support their family and pay their bills . Click here to see what it’s about >>>

 

Life-saving advice from a financial advisor

Only 10% of Britons believe Income Protection is a ‘must’*- a statistic very worrisome for the editor of this blog – Jabran Matharu (A certified financial adviser); “While many of us are concerned with insuring our pets and mobile phones, if you are unable to work then paying for either of these might be a luxury you cannot afford. This is why Income Protection should be much higher on our list of priorities.”

“Britons are so confused about what income protection can do for them they are over-estimating state support and under-estimating the likelihood of them needing Income Protection.”

This is exactly why we put together a site with exclusive access to income providers. All you have to do is to apply risk free and see what your options are for yourself.

To get started, click your location below, or click here to see if you qualify.

Remember: you have nothing to lose because there is no risk in checking if you qualify.

Jacob Nash

Jacob began his career as a financial advisor during the market crash of 2001. Since then, Jacob has helped over 600 customers achieve their financial goals. We are proud to have him as our Chief Financial Editor here at Consumer Guardian.