Jake Sewell of Colne based advisors incomeprotect.co.uk, explains the need for income protection, “To many the thought that an income is one of an individuals most valuable commodities is rarely seen in the same light as a property or a material possession but the truth still stands in that by far for the majority of ordinary people, their income is what maintains their ability to live, eat, keep a roof over their heads etc. Many go about their lives oblivious to what they would do if they were suddenly unable to work because of sickness or injury. How would they be able to pay their bills or afford to maintain their particular lifestyles? There would have to be some kind of insurance against losing your income perhaps? Income protection insurance is designed to offer a percentage of your gross annual wage or salary to you each month is you become unable to work for any large lengths of time. Whether suffering a serious accident or developing a life threatening illness, income protection is designed to lessen or take the financial worry and hardship away when your income is threatened beyond your control. Taking out income protection insurance may be cheaper than you think although you will need to shop around to find the best and most beneficial deals. For a few pounds a week there are income protection policies available that can at least ensure a helping hand if ever you come to a part of your life when you are unable to work and need a source of income, large or small. In those times you can be glad that you took the decision to take out insurance that can maintain you living as normal a life as possible.”
What's better? Private or NHS healthcare?