We’ve recently had several clients coming to us to ask about income protection following a serious accident that’s left them unable to work. So with that in mind, we wanted to provide the top 3 reasons (and a cheeky bonus reason) as to why you need to consider income protection to protect you, your family and your financial security.

Financial security when life throws a spanner in the works:

Life is full of surprises, and some can leave you facing a real financial pickle. Illness, injury, or disability can put your work on hold, piling up bills like a dropped bag of groceries. Income protection is your financial safety net, providing a regular income to keep the wolf from the door while you get back on your feet, and focus on mending yourself, not the mounting bills.

Peace of mind for you and your family:

Having income protection takes a weight off your shoulders, and your loved ones’ too. They can offer their emotional support knowing your finances are sorted. It’s one less worry during a tricky time, like a comforting cuppa on a blustery day.

Protecting your life plans:

A sudden loss of income can derail your grand plans, like saving for a holiday, putting the kids through uni, or making overpayments on your mortgage. Income protection helps bridge the gap, stopping you from dipping into your savings or losing your home over missed payments. It keeps your financial future secure even when work takes an unexpected backseat.

Bonus Reason:

Get back to work quicker; income protection often comes with vocational rehabilitation and return-to-work programmes which can help get you back into the swing of things after the unexpected happens, minimising the disruption to your career and keeping your finances in check.

Our advice…

Choosing the right income protection plan is crucial, with the right level of coverage to fit your needs and budget. Get in touch today and we’ll help you find the perfect plan to keep your life running smoothly, even when you can’t. Investing in income protection is an investment in your peace of mind and your future. Get covered and take on life’s ups and downs with a smile.

Annabelle Bezant, Mortgage & Protection Advisor, January 2024

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