Give yourself added protection within income protection cover.

When you live alone the only income you have into the household is your own and so if you were out of work you would struggle to meet your financial commitments. There are many people out of work due to accidents or illnesses which they have no control over, and so it is essential that you protect yourself in the event that this may happen to you. One of the ways you can protect yourself is with income protection insurance, having an income protection policy allows you to receive a payout of around 65% of your income, which is tax free. This payout will allow you to maintain your financial commitments while you are recovering, this can be a great weight lifted of your shoulders as you will not need to worry about how you are going to keep afloat when you are not receiving an income. When you are ill it is important that you focus on your recovery and so having an income protection policy will enable you to do this.
If you have any questions about income protection insurance and whether or not it is going to be of any benefit to you, speak to an independent financial advisor or income protection cover provider who will be able to tell you all about income protection and the benefits it offers. They will also be able to help you find a policy and you will see just how affordable it is to have that extra reassurance should anything happen.

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