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  1. Most people will have seen Life Insurance advertised on the TV, on Social Media and on comparison sites but perhaps haven't heard about Income Protection.

    Over the past 4.5 years I have worked with many clients who previously had Life Insurance and Critical Illness Cover but sadly without Income Protection.

    What is it and why is it so important?

    Instead of providing a lump sum on diagnosis of a critical illness like Cancer or Heart Attack, Income Protection pays out a monthly income if you are ill or injured.

    If you have an accident and suffer an injury such as a broken leg that prevents you from doing your job or if you are diagnosed with a more serious illness you can continue receiving an income.

    You can receive upto 70% of your income tax free.

    What about Employers Sick Pay and Stautory Sick Pay?

    If you know that your employer will pay you I can factor this in to your cover. For example, if your employer will pay you in full for 3 months I can ensure that your policy would start paying after this time if you are still unable to work. 

    If your employer doesn't provide sick pay or perhaps only for a short time you can claim Statutory Sick Pay for upto 28 weeks. The current rate is £95.85 per week.

    For most people this simply isn't enough which is why most, if not all of my clients take out Income Protection.

    Self-employed? No problem, I can help you determine what you need and provide cover that is suitable for you.

    There are many options to suit all situations and budget, in my opinion, it is something you should take advice on.

    Get peace of mind, knowing that if you are ill or injured you can still receive an income and contnue paying your bills to take care of you and your family.

    Contact us today.

     

    - Leanne

  2. I wanted to write this blog post as we are all in the same boat right now. Some of us are employed and working from home whilst attempting to be 'Teacher'. Some of us are Furloughed and now have lots of time at home to do things that we don't normally have time for or being Mummy/Daddy/Teacher. Some of us are Self-Employed and are working around being Mummy/Daddy whilst trying to keep a business afloat.

    Last week was the first week for most people where panic might have set in and all routines went out of the window. This week people are starting to get into some sort of routine and see the wood for the trees.

    Regardless of the time you have right now it is really important to take care of you, take care of your mental and physical state. Find the time to enjoy your hobbies, do some exercise, de-clutter your home as these will all help you. Playing with your children can also help you to unwind and free up some mental space.

    I have found that often I feel guilty when I am with my daughter if I have some work to do and other times I feel guilty for working when I want to be with my daughter. Now I have put a structure in place, ensuring that my day is filled with a morning and afternoon activity for my daughter, whether that is with me or her daddy. I then know that she is content and I can find the time to work.

    This time has also meant alot have taken mortgage holidays and looked at their finances. Here are some things you might also want to review:

    • Your Life Insurance - does it suit your current mortgage and lifestyle?
    • Your Income Protection - does the 'waiting' period and benefit amount fit with your current work?
    • Your Home Insurance - when is it due for renewal?
    • Your Gas and Electric - are you on a fixed rate deal? When does it end? Could you save some money?
    • Can you review your heating and water programmer now that it is getting warmer?
    • Can you turn your water temperature down?
    • Are you on a fixed rate for your mortgage? When is it due? 
    • Do you have credit cards that you are paying interest on? Can you do anything with them?
    • Have you got any Wills in place?

    Now is an ideal time to review your finances and I am sure there are more ways than the above. I can help you with:

    • Wills, Trusts and Lasting Power of Attorney - currently 20% off and done remotely
    • Life Insurance
    • Critical Illness Cover
    • Income Protection
    • Home Insurance
    • Business Insurance - Keyperson cover, Shareholder protection, Loan protection

    I can also refer you for Mortgages, pensions, investments and other financial advice.

    Enjoy de-cluttering, getting organised, taking care of yourself and having fun. 

    Please take care.