What happens when you get unemployed all of a sudden? While most people are lucky enough to hold on to their jobs, others have to experience a worse situation. On second thoughts, everyone should be prepared for the worse situation. Even if you are financially stable and have the dream job, be ready with a plan B. For us, plan B is not winning the lottery, but investing in income protection insurance UK.
A couple of years back, the income protection policy was known as ‘permanent health insurance’. Please note that income protection is different from the critical illness cover.
When you opt for income protection as an add-on, you are making the most out of your insurance. In order to complete the package, we shall tell you why income protection policy UK is the best add-on!
Who Needs Income Protection Policy?
You are a working adult in the United Kingdom. There will be times when you fall sick and cannot go to work. In case your company is not paying Statutory Sick Pay, you would need some form of cover.
Your company is in loss and has to replace some of the officials. In times of emergencies, the company might even close their doors forever. Nothing is permanent in life – not even your dream job. If emergencies knock the door and you need financial aid, the income protection insurance UK will be helpful.
Income Protection Policy Benefits
If you are thinking of buying a life insurance policy, consider opting for an add-on such as income protection. The biggest income protection insurance UK benefit is that it covers you while you are seriously sick or are suffering from an injury.
There are short-term and long-term income protection covers. Short-term one is set for a limited timeframe and the long-term one covers you till you retire or get back to work.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00