Home » Quality Of Life
Most people have a number of insurance policies. Some even insure items individually, such as mobile phones. But what is your most valuable asset? You! Most class their life and health as invaluable. So, have you protected yourself? If not, I would recommend you speak to your financial adviser about life and critical illness cover.
A common reason some people don’t protect themselves is because ‘it won’t happen to me’. Think about everyone you know. Has anyone fallen ill unexpectedly and how did they cope? Did they struggle financially and what would you do in that situation?
Another reason people have is the belief that their employer or the state will support them. Many work policies are very basic and, if you do have one, read the small print very carefully. Life policies often have exclusions and it’s a good idea to have your own, more thorough policy as well. What if you are made redundant and then fall ill with no cover?
With regards to Statutory Sick Pay (SSP), You can get £95.85 per week if you’re too ill to work.* It’s paid by your employer for up to 28 weeks. How long could you survive on that? Again, it’s as well to protect yourself properly.
So, it’s important to get yourself and your family covered, but what are the benefits of using an adviser?
In summary, the question to ask is: can you afford not to protect yourself?
*https://www.gov.uk/statutory-sick-pay(figure correct as of October 2020) Insurance policies are subject to underwriting.
As with all insurance policies, conditions andexclusions will apply
We are a friendly networking group who meet every fortnight in Hemel Hempstead. Currently we meet online via zoom due to Covid-19.
We love meeting new people so please sign up to one of our events and say hello