Why Take Income Protection Insurance or Mortgage Payment Protection?

In this fast paced world, life is full of uncertainties and we do not know what is going to happen to us.

Most people have a plan for death but very few have a plan for life. Life assurance provides a payment

in the event of death; medical insurance against serious illness but very few people consider taking

out a policy which covers their loss of income in the event of an accident, sickness or unemployment.

Losing a job is one of the most critical situations we can face, making it difficult for us to meet our

daily expenses and normal costs of living. We stop receiving a monthly income that is essential to

support our daily lifestyle. Without an alternate source of income, your life could change dramatically

putting at risk your standard of living, losing your home and placing unnecessary stress to your loved

ones.

Most of us believe our Employers or the Government will support us in times of need and to a certain

extent they will, but are you aware statutory sick pay or job seekers allowance provides less than £88

support each week. The average rainy day savings for UK individuals stands at £1054, while the UK

average weekly wage in March 2014 was £474, according to official figures. As you will see this leaves

a major shortfall. Ask yourself….how would you cope in these circumstances?

MPPI or Income Protection Insurance provides financial assistance for up to 12 months, enabling

those affected time to find alternative employment or return to full health. There are three cover

plans available; unemployment only, accident and illness, or accident, sickness and unemployment.

Policies provide up to £2000 monthly benefit with 6 or 12 month benefit periods and a number of

excess options to enable each policy to be tailored to each individual’s needs. There are three

products; Income Protection, Rent Protection and Mortgage Payment Protection (MPPI) with

each one having a £5000 accidental death option.

To protect your income is obviously very important enabling your lifestyle to continue if you are

unfortunate enough to lose your job or in the event of you being unable to work due to an accident or

illness. If your home is mortgaged or if you live in rented accommodation Income Protection, MPPI

or Rent Protection Insurance all provide excellent value for money and should be considered

seriously for real peace of mind.

For a choice of cover options and immediate online quotations in less than 2 minutes please visit

www.nsuredirect.co.uk.