What is income protection insurance?
You wouldn’t ride without your hat to protect your head…
Income protection insurance is designed to provide a monthly income if someone is unable to work due to illness or injury.
It’s often associated with accidents, but many claims actually relate to longer-term health conditions.
Policies can vary significantly, including how long they pay out for, what they cover, and any exclusions that may apply, such as higher-risk activities.
Understanding how your income would be affected if you couldn’t work is an important part of financial planning.
This is general information, not personal advice.
This piece of content was produced by Financial Planner and friend of EMC, Charlotte Watson.
A former lecturer in Equine Studies at one of the UK’s leading equestrian colleges, Charlotte is a down-to-earth horsey girl that’s navigated a career change and has broken the mould many times over -proving finance isn’t just for “suits”!
Charlotte specialises in retirement planning, wealth protection and investments planning - but this isn’t just for the super-rich. If you too, would like some help in managing your cashflow to reach your future financial goals - without judgement or jargon - Charlotte is your girl!