The average age of when an income protection claim is started is around 38 years old, is this much lower than you expected?
The average cost of Income Protection is £24 with a 2 year claim period according to the Exeter. The average cost of a smartphone is £40 per month. How would you pay for the smartphone and all your other bills without your income?
What are your options – could you really rely on your savings if you were poorly and couldn’t work? How long would it actually last?
Do you think you could rely on statutory sick pay? Statutory sick pay is £118.75 per week.
The longer you wait to set up Income Protection, the higher the premiums will be and if you develop a health issue the more expensive it becomes.
It’s never been a better time to protect your income and essential living costs.
Did you know that most income protection policies come with additional benefits like online GP appointments on the same day, physiotherapy, counselling etc, so it is something that could have many other benefits.
