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.
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.
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.
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.
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.”
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.
Remember: you have nothing to lose because there is no risk in checking if you qualify.
One of our trusted advisors will be calling you to provide you with accurate quotes.
We only require 10 minutes of your time (we can't do this online or by email unfortunately).
You'll receive quotes from all of the UK's top window providers including: Anglian Homes, Everest, Safestyle UK and more...
Our service is 100% free to use and you are under no obligation to accept any of the quotes you receive.