13 Jan 2021
If the last ten months have taught us anything, it is to expect the unexpected.
We know it’s important to plan, but life can be busy and we’re often caught up with day to day activity - and it’s easy to put off the important things until tomorrow.
We also tend to think life will continue as it is (well, we did until March 2020). But have you considered how you’d manage financially if you lost your income through illness? Or if an accident left you unable to work?
Imagine you had a machine that printed you £3,000 over the course of a month, every month. Would you want to insure it for any mechanical faults and/or loss of income if it broke down? Of course you would - so, you need to think about your income in the same way!
If you’re unable to work due to an illness or injury, an income protection plan can provide the peace of mind you require - making sure your bills are still paid, on time.
After any deferment period has passed, an income protection plan will provide you with a tax-free payment every month.
Here's a quick overview of what these policies do:
The plans can come with a whole host of additional features which can be tailored to your own individual circumstances and key requirements.
Once we have been able to provide you with advice on the best type of plan available, we can also look at other types of protection available to you;
Rather than wait till tomorrow, plan ahead and give yourself and your family some financial security with income protection for the future.
Aberdein Considine's independent financial advisers can help you tailor a protection plan.