Cannot work because of illness

‘Life is what happens when you are making other plans’ – a good and relevant quote from John Lennon. He is telling us that things happen unexpectedly and without any warning. The late Beatle was also saying you cannot plan for these sudden and surprise events. He was partly right – however, individuals can put plans into effect to make sure they are covered by those sudden twists and turns of fate.

Income Protection Insurance is a way of covering our backs financially when the times are good to make sure that when things go wrong, It is still possible to claim a certain level of income and maintain a normal standard of living. This protection will usually cover you for long-term illness and accidents that mean you cannot continue to work in your usual profession. There are some policies, which can cover you for unemployment and redundancy too – however these are few and far between.

IPI could pay up on a claim, such as someone having a severe back injury in a profession where carrying heavy loads is necessary. It could conceivably pay out for a singer if they have had throat surgery and can no longer earn a wage from singing. We are all individuals and have individual needs. Thus, the point of each policy is to suit whoever it is written for.

Therefore, go home now and get out your policy and make sure that you have one that relates to your current needs and work. If you do not, then it is time to contact your insurer to make sure alterations are made in that policy.

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