The growing unease about the economic fallout of COVID-19 has led to many people reviewing their finances and considering their options if they were suddenly unable to work.
If the pandemic has taught us anything, it's that life can change in a blink of an eye and being out of work, whether due to redundancy or illness, can rapidly make us feel powerless.
However, having the right cover in place can help us feel in control again and with the Bank of England warning that there could be 2.5million people out of work by the end of 2020 as the furlough scheme ends, taking out income protection could be well worth it.
The importance of protection
Income protection can provide important cover if you are unable to work for a while. Yet although increasing numbers are likely to take out this type of cover due to the pandemic, there are warnings that insurers must not be opportunistic and must instead find the right tone and approachm as well as offer reassurance. Policies are likely to evolve in a post-coronavirus world, with soem insurere already adding COVID-19 exclusions.
We can help you get the right cover
If you're not sure which policy is best for you and your circumstances, let us help you find the right cover.
As with all insurance policies, conditions and exclusions will apply
Let us help!
We can also help your home purchase get underway by helping you to find the most suitable mortgage for your needs and circumstances and give you our expert advice on how to protect your property, income and family.
If you would like more information or help with your mortgage and protection concerns please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at firstname.lastname@example.org
Your home may be repossessed if you do not keep up repayments on your mortgage
Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.