Your medical bills may be covered by your health insurer, but how will you pay your other bills while you’re being treated or recovering from injury? The aim of income protection is to replace some of your earned income once any state benefits are taken into account, so you could still maintain the level of lifestyle you are used to.
Paying the bills
If you had to give up work due to illness or injury, you would still have to pay your regular bills, such as mortgage and loan repayments, electricity, heating and household expenses.
However, you would also likely have the additional financial burden of extra medical costs, so your total amount of bills could increase. With this in mind, could you maintain your current standard of living while you were out of work? If the answer is no, income protection can help.
Our financial advisors can help to give you a safety net. Talk to us today about income protection.