As a new tenant, have you considered how you would pay the rent or household bills in your new property if you are ill or suffered a long term injury?
Each year one million people in the UK find themselves unable to work due to serious illness or injury (ABI 2017).
Income Protection insurance is designed to give you some cover if you can not earn an income for those reasons.
Recent research from income protection specialist Drewberry found that 26 per cent of people do not have Income Protection because they believe their workplace sick pay would be sufficient to look after them, yet in reality only 14 per cent would receive sick pay for more than six months while 24 per cent would receive no sick pay at all.
If something happened to you, would you be able to survive on savings, or on your sick pay from your workplace ? Do you even know how long you receive full sick pay from your workplace ?
If not, you will need some other way to keep paying your rent and household bills and you may want to consider Income Protection insurance.
Click Here to contact your local office for more information.