Protecting Your Income

Many people think they could rely on money from their employer, their family or the state if they couldn’t work because of long-term illness.

But recovering from an illness can take a long time.

How long would this money last?

Do you know how much sick pay your are entitled to from your employer?

Sick pay from your employer could help but it might only last a few weeks. The state may provide Statutory Sick Pay, Employment and Support Allowance, or Universal Credit, but is this enough?  The calculator below is designed to give you a rough idea of whether the support from the state would be adequate to cover your outgoings.

Check what you may be entitled to at

www.entitledto.co.uk   You are now departing from the regulatory site of 1 4 U Financial Solutions Ltd.  Neither 1 4 U Financial Solutions Ltd nor PRIMIS Mortgage Network is responsible for the accuracy of the information within the linked site.

or go to

https://www.gov.uk/employment-support-allowance/what-youll-get   You are now departing from the regulatory site of 1 4 U Financial Solutions Ltd.  Neither 1 4 U Financial Solutions Ltd nor PRIMIS Mortgage Network is responsible for the accuracy of the information within the linked site.

But is it enough?

Download copy of this calculator in .xls or .pdf format

What people typically insure

* Source ONS Oct 2023

Is your most valuable asset your number 1 priority?

What can I do to ensure I can maintain my standard of living if I should become ill or lose my job?

Income Protection Insurance

Income Protection can provide a monthly income if you become ill with an illness that may not be ‘critical’ but is severe enough to stop you from going to work for a long time, for example, a bad back or stress. The working world has changed dramatically in recent years. One thing however remains constant and that is the fact that most of us need to work to pay the bills. Bills don’t stop arriving even if we’re sick. 

This cover can pay out until retirement or shorter periods of time, if required, perhaps until the end of your mortgage term, or while you have dependent children.