Your income earning potential is likely to be your family’s most valuable asset. Income replacement plans are designed to provide you with an income should you be unable to work for a prolonged period because of illness or injury.
They are term plans, in that they will cover you for a specified number of years, and in the event of a qualifying claim the proceeds are paid until you are able to return to work.
For many, even a relatively short period of time without an income would cause financial difficulties and despite popular belief, state benefits aren’t usually sufficient to keep families afloat when illness or accident occurs.
As you can see, protecting your income if you were unable to work is a vital part of protecting your family’s financial security, both now and in the years to come.
Our advisors are authorised and regulated by the Financial Services Authority and follow strict codes of conduct, so you’re much better protected if you buy through an advisor than if you buy without advice.