Understand the importance of protecting your income from an accident or illness.
So what is income protection?
In simple terms, income protection is your own personal tax free ‘sick pay’.
Ask yourself a very honest question, if you were unable to work and your income stopped, how long would you last?
PS. I also call them ‘KEEP THE ROOF OVER YOUR HEAD’ plans !
Picture this for a minute: You have found the holy grail, a magic money machine that spits out fresh £50 notes at the end of every month. You turn up every 4 weeks and there it is, a fresh pile of cash just sitting there.
Let’s say this machine pays out around £2800 a month in cash (or circa £45k a year before taxes), you would probably get quite used to that. So you start thinking.. ‘If this machine breaks down boy will I miss it!’
So you ask around and someone says: I tell you what, give me just £40 a month… and if your magic machine stops working and doesn’t pay out for 3 months, I’ll turn up and give you a tiny bit less, so how does £2250 cash a month sound?
You’d probably bite their arm off for such a deal… That deal is Income Protection!
Always remember: YOU ARE THE MAGIC MONEY MACHINE !!
If you have any of the following you should really consider looking at income protection: A monthly mortgage payment, a monthly rental payment, hire purchase and personal loan payments, a family that relies on your income, food bills, living expenses.. the list goes on!
If you want to see what your own tailor made income protection package would cost, Just click the ‘Book an Appointment’ box at the top.
