Want to protect your income but can’t prove your earnings?07 Mar 2018
If you want to protect your income but can’t prove your earnings we at LightBlue might just have the answer!
If you are recently self employed, a casual or part time worker finding it difficult to prove your earnings but know how important it is to protect your income, then a new income protection product from insurers, British Friendly may just be what you’ve been looking for.
The “Breathing Space” income protection product bypasses this issue as it does not need you to prove your income, only prove that you are working (employed or self employed). This gives you the time to refocus your situation when facing serious illness, accident or injury without having to worry about finances.
All you need is proof that you had an income prior to making a claim.
It will protect your income from between £125 (£6,500 per year) and £250 per week (£13,000 per year) and covers you specifically for the job you do, not whether you can do any job. There are three choices of claim period: 1, 2 or 5 years, and a choice of deferment periods (time to wait before your first payment) of 1, 4, 8 or 13 weeks.
Sounds interesting, eh? But not sure you need it…
Then consider the following:
– Will my sick pay from my employer be sufficient if I‘m unable to work due to illness, injury or accident?
– Who will give me sick pay if I am self-employed and unable to work due to illness, injury or accident?
– Do I have enough savings to support myself and my family if I’m unable to work due to illness, injury or accident?
– Am I even eligible for State Benefits and is it enough to support my lifestyle?
Want to know more about protection your income then click here