Income Protection... ...protect your Lifestyle against Sickness or Injury.
Protect your income on rainy days.
£87.55 is the maximum state sick pay you would receive if you were unable to work due to illness or injury, this is equivalent to an income of just over £4,500 per year. Would this be enough to pay your basic outgoings, let alone maintain your current lifestyle?
Income Protection can ensure that this doesn’t have to happen, by paying you a regular tax free benefit in the event of illness or injury. For the employed there is also the option to add Unemployment cover.
If you are self employed it is even more important for you to consider this insurance as you do not have the benefits that come with employment.