Why should I protect my income?
Could you provide for your loved ones if tragedy struck?
The threat of losing your home is a distant threat and nobody likes to think about not having an income, but it could become reality and it's important to protect yourself if it ever happened.
Think about the following:
- What would the financial impact be if you were to fall ill, have an accident or be made redundant?
- How would you pay your mortgage or rent and other household bills?
- Would you be able to maintain your, and your loved ones', current lifestyle?
Unless you had a lot of savings, sudden loss of income through accident, sickness or unemployment today, could mean that the roof over your head would be in jeopardy and you also risk losing your standard of living. You'll still need to pay your bills and your outgoings won’t stop just because your income does.
There are millions of people claiming state benefits in the UK because they're unable to work. Sadly many of them probably thought it would never happen to them. When you’re healthy, it’s easy to feel that it will never happen to you, but that’s not always the case. It’s important to understand the real risks, so you can make an informed choice about financially protecting your home and lifestyle.
While nobody can provide you with cover that stops you becoming ill or unemployed, you can get peace of mind by protecting yourself against the financial consequences with our mortgage payment protection or income protection products.
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