Income cover could be the answer to peace of mind
- 5TH AUGUST 2007
Income cover can bring great peace of mind and take the worry off your shoulders if you are working full time and have financial commitments. On the other hand, if it isn’t bought correctly then it could be your worst nightmare and only add to the misery if you were to lose your income due to involuntary redundancy, porlomgd sickness or accident.
Those who buy the income cover do so to protect against the fact that they could lose their wage and if they were to be out of work for any length of time. With no money to fall back, your financial commitments would still have to be paid. Income cover can pay out for up to 12-24 months and provide you with enough money to make sure that your essential monthly outgoings are still be paid.
A good policy can be a lifeline but you have to understand the policy and the exclusions within them. You also have to shop around for the cover in order to get the cheapest premium. A standalone specialist in income cover will also offer the cheapest premium which could be as much as 80% when compared to the high street lender.
British Insurance who is headed by Simon Burgess is one such specialist company; they pride themselves on being one of the most ethical and definitely have the consumer’s best interest at heart. Simon has blasted the high street lender who has given the sector a bad name by charging over the top premiums for their income cover along with giving poor, if any, advice.
He urges people to shop around for the cover and to get the best advice possible before buying an income cover policy. British Insurance gives plenty of open and honest advice regarding their product which has earned them the title of the “good-guys” in the sector along with receiving “best-buy” awards for their products.
