Your Property Financial
Your Property Financial
For most the loss of their monthly income would be fatal for their finances and would immediately result in severe financial hardship. Once your sick pay at work ends you're effectively on your own!
Even if you had some savings, these would be quickly eaten up by being used to cover your monthly outgoings.
At Your Property Financial, we can help you put in place Income Protection which is designed to replace your income if you're unable to work due to sickness, accident, or disability.
If you're employed your sick pay likely only runs for a few months and if you're self-employed you have no sick pay at all! So if your income stopped things will become tough really quickly.
Without your income covered or very significant savings behind you, if something goes wrong you could end up behind on your bills, mortgage or rent arrears with your home at risk and even potentially not able to put food on the table!
The good news is often only at the price of a cup of coffee you can protect your monthly income.
The biggest question to ask yourself is once your sick pay with work ends (which it will after only a few months typically) how would you survive with no income?
If you don’t have a solid answer this type of plan is something you should be considering.
Income Protection can cover you if you can’t perform your own occupation due to sickness, accident or disability and has the potential to pay out to you for many years if something was to go really wrong.
Income Protection is essentially putting in place your own long-term sick pay arrangement, these are very significant and comprehensive insurance plans that can potentially cover your income right up until your 70th birthday.
Income Protection provides the peace of mind that you will continue to receive a monthly income until you are ready and able to return to work.
With a plan that pays you for as long as you need—until you go back to work, retire, or your policy ends. For complete peace of mind that you’d always have money coming in.
Pays out for a set duration (1, 2 or 5 years).
Cheaper than full-term cover, but bear in mind it stops paying after that time – even if you are still unable to return to work.
It is important to consider the waiting period (Time before payout) of any policy you are considering - the longer the waiting period, the more you may be able to reduce the premium paid.
Get in touch for an initial free, no-obligation chat with an advisor about how we might be able to help you.
(Takes less than 30 seconds)
Income protection cover offers you a monthly income if you're unable to work due to sickness, accident or disability and are signed off work by your GP.
Common conditions claimed for include:
Musculoskeletal injuries or conditions: Like broken bones or back pain.
Mental health conditions: Like stress, anxiety or depression.
Other serious illnesses: Like cancer, heart attack or stroke.
Access to all the top insurers - Comprehensive range of options!
Exclusive rates - not available on the high street special deals!
Insurer relationships - Existing medical issues? We can help!
We structure a completely bespoke protection package to suit your needs!