HOW WOULD YOU KEEP A ROOF OVER YOUR HEAD IF YOU COULDN’T WORK BECAUSE OF ILLNESS OR INJURY?
When you arrange a mortgage to buy your home, you naturally expect that you will have a regular income throughout the period of the loan, so you’ll be able to make all the repayments. But what happens if you have an accident or illness which prevents you from working?
Who will pay the mortgage?
You may think that none of these things will ever happen to you – we all do. Most people insure their most valuable assets, such as, the house, the car, the mobile phone even pets.
Most people do not have sufficient savings to cover more than a few months of normal expenditure – an income protection policy might help bridge this gap.