Income protection. A safety net and more
It’s sensible to review your protection cover each year and to discuss it with those close to you to make sure it still meets your needs.
How would you cope if you became ill? Would you have to rely on your partner, or struggle on trying to work? Almost one in five (19%) working adults say they would have to rely on their partner’s income or savings if they were unable to work.
It makes sense to review your situation carefully if you’re self-employed too. Only 6% of self-employed workers have an income protection policy and millions of self-employed people consider they would have to carry on working if they suffered an illness or injury. Some 11% would resort to taking on debt such as a loan, overdraft, or credit cards 7 .
As with all insurance policies, conditions and exclusions will apply
2 LV=, 2023