Ensure that you have adequate protection
- 7TH MAY 2007
None of us like to be financially vulnerable and in order to alleviate our worries will take out protection such as life insurance and critical illness insurance to protect the financial futures of ourselves and our loved ones.
However, one insurance which a lot of people don’t even consider taking out is income protection insurance. This insurance takes away the worry should you become unable to work due to accident or long term sickness, or if you become redundant. A monthly tax-free lump sum will take care of your monthly commitments (up to a set limit), typically for up to year, meaning that you will not suffer financially should the unexpected happen.
Sadly, the negative press coverage recently of the payment protection insurance (PPI) market has turned a lot of people off buying this type of cover. However, when sold correctly, income protection insurance proves invaluable financial protection and can mean the difference between sinking and swimming.
And buying protection insurance doesn’t have to be a hassle, you can buy it quickly and easily online from a specialist provider such as the ethical British Insurance.
They offer low cost loan, mortgage and income protection policies with easy to understand terms and conditions. You can also buy from them via the telephone if you prefer to speak to someone.
So make sure that you have no gaps in your protection portfolio. Income protection costs so little compared to the vast amount of peace of mind and invaluable protection that it offers.
