Income Protection

Accidents and sickness happen unexpectedly often with far reaching consequences. Most families rely on two people earning and the loss of one income can be devastating.

We often hear people saying that the state will look after them or believe that their employer will continue to pay their salary. Both or these scenarios are sadly untrue.

Employment Support Allowance will only pay £74.35 weekly at the basic level up to £113.55 if you are in the support group.

Less than 10% of employees have employer sponsored income protection and, in many cases, will only be paid Statutory Sick Pay at £95.85 per week.

Traditional income protection policies offer the highest level of protection, covering up to 67% of earnings. The cost for many is prohibitive, but there are solutions out there at surprisingly low cost.

For example, the MetLife Protect policy offers cover from as little as £8.00 per month and is often used as a policy to protect mortgage payments.