Income Protection – Could you survive the unexpected?
Only one in five of us have income protection cover in the event of becoming too ill to work. Yet the same survey showed that a sizeable 42% have experienced income loss in their working lives due to serious illness (source: Zurich survey, July 2016)
Whilst you may have life cover in place, how would you (or your family) cope if a wage earner was off work for a long period of time? You may think it won’t happen to me, and that’ll hopefully be true, but it does happen!
To give you a feel for how this may impact upon families, a couple of years ago the 7Families charity-led initiative was set up to deliver financial support for a year to seven selected families. These are families who’ve lost their main income through a serious or long term illness, or disability, and didn’t have any financial support in place.
For them too, the unexpected was very much that. Along with assisting families that were facing financial meltdown, it provided an opportunity through real life situations to demonstrate the importance of families planning financially to help lessen the impact should the worst ever occur. You can find out more at www.7families.co.uk
By checking out the website, and also completing its “How Financially Invincible are you” test, you may then agree that: “it’s possibly far better to have cover in place and not need it, than to need it, but not have it”! so do get in touch, and we can take you through the options.
As with all insurance policies, terms, conditions and exclusions will apply.