In today’s unpredictable world, your ability to earn an income is one of your most valuable assets. But what happens if illness or injury prevents you from working? Income protection insurance provides crucial financial support, ensuring that you and your family can maintain financial stability, no matter what life throws your way.
At J&G Financials, we believe in safeguarding your financial future so you can focus on what truly matters—your recovery and your family’s well-being.
The Growing Need for Income Protection
- 44% of people would struggle financially if they lost their income within six months.*
- The average UK employee has savings that would last just 32 days if their income stopped.**
- 46% of households have either no savings or less than £1,500 set aside.***
These figures highlight the critical need for income protection. Without a safety net, a sudden loss of earnings could have a significant impact on your lifestyle and financial commitments.
The Key Benefits of Income Protection
- Replacement of Lost Income – Receive a regular monthly payment if you can’t work due to illness or injury, helping you maintain your standard of living.
- Flexible Payouts – Choose how long you want your coverage to last, from a few years to retirement, tailoring the policy to your needs.
- Peace of Mind – Knowing you have financial support in place can alleviate stress and allow you to focus on recovery.
- Tax-Free Payments –Personal income protection payouts are free of income tax, meaning you receive the full benefit without deductions.
- Comprehensive Coverage – Policies cover a range of conditions, ensuring protection for various unforeseen circumstances.****
What Does Income Protection Cover?
Income protection can provide financial relief in several situations, including:
- Illness – Long-term illnesses such as cancer, heart disease, or chronic conditions that impact your ability to work.
- Injury – Accidents or injuries that temporarily or permanently prevent you from performing your job.
- Mental Health Issues – Conditions like anxiety, depression, or stress that may affect your capacity to work.
- Temporary Disability – Recovery from surgery or treatment that may take time and impact your ability to earn.
Take Control of Your Financial Future
Investing in income protection insurance is a proactive step towards securing your financial stability and peace of mind. It acts as a safety net, allowing you to focus on getting back on your feet without worrying about how to pay the bills.
Act Now to Secure Your Income
The sooner you take out income protection insurance, the more affordable your premiums will be. Don’t wait until it’s too late.
📞 Contact Jatinder at J&G Financials today for a free consultation and discover how you can protect your income and your family’s future.
* Mintel Report 2019
** Legal & General D2B
*** Money Charity
**** Most policies will provide a replacement income as long as there is an opinion from the medical professional that you are unable to work.
