Income Protection can provide a monthly income if you are diagnosed with an illness that may not be “critical” but is severe enough to stop you going to work for a lengthy period. If you are in regular employment and entitled to sick pay, your employer may only pay you for a set length of time if you become ill, but what would happen when that income stopped?
It’s tempting to think you could rely on state handouts and hope for the best. It is extremely unlikely that state benefits are anywhere near enough to maintain a regular lifestyle. Many households now spend hundreds of pounds each week and many of us would need more than benefits to fall back on. You might think you could rely on friends and family to help, or even adjust your lifestyle by cutting back… However, is this realistically something that you would like to do?
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