5.2 million UK mortgage holders who earn an income have no plan in place to cover their mortgage repayments if they become too ill to earn*.
Of this figure, 1.8 million admit they have not given any thought to protecting their income.*
2.6 million do not know how long they could survive financially if they were too ill to earn.*
These people are at serious risk of losing their homes if they suffer a serious illness or have an accident which prevents them from working. Income protection insurance can help to protect income in the event of unexpected ill health.
It is crucial to take independent financial advice before making any financial decisions. The correct advice will ensure you are properly insured to protect your needs.
Contact an independent financial adviser for a no obligation chat and discuss your needs.
Farrell Financial Planning are independent financial advisers and offer whole of market independent financial advice on income protection, life assurance, critical illness cover, pensions, investments, inheritance tax planning and much more.
*Source: Royal London February 2015