You insure your home, your car and your mobile phone. Even the dog. So why not your income?
Could you continue to cover your basic day-to-day living costs, household bills, rent or mortgage repayments if you unexpectedly suffered an illness or injury that prevented you from working?
You may be entitled to sick pay and other benefits, however, these may only support you for a short period of time.
You might think this would never happen to you and of course we hope it doesn't, but it's important to recognise that no one is immune to the risk of illness and injury.
If you work in the medical, dental or legal professions, a Wesleyan Personal Income Protection Plan can provide you with a tax-free income to replace some of your earnings, if illness or injury stops you from working. This could help you pay bills and cover other expenses like your mortgage payments.
For doctors and dentists, benefits payable in the first five years are tailored to specifically fit around the NHS sick pay scheme, meaning that when sick pay reduces or stops, your income protection benefits will start.
Income protection can help safeguard you and your family against an unexpected loss of income so you have one less thing to worry about, leaving you to focus on your recovery.
The plan will continue to support you until you are well enough to return to work, if necessary, right up to your chosen retirement age.
Visit our Income Protection Digital Centre for useful articles, case studies and calculators.
For further information about Income Protection for Teachers, please follow the link.