We have asked specialist Independent Financial Advisers
ContractorFinancials to advise clients on this vitally
important subject.
Tony Harris from ContractorFinancials writes...
...‘Your current lifestyle is totally dependent
on your ability to work yet everyday we hear cases
of fit and healthy people suffering unforeseen serious
injury or falling ill. As you are not a permanent
employee there is no large company safety net to fall
back on and the financial impact of any break in earnings
can be very significant.
For a relatively small monthly premium you can protect
your bills, social life and future plans using a personally
funded income protection policy.
An income protection policy (also sometimes referred
to as a permanent health insurance/PHI ) ensures that
you receive a tax free monthly income after a pre-arranged
period of illness (typically 1,2 or 3 months but we
do have access to a 1 day waiting period plan if you
do not have savings to fall back on for this initial
period).
We have tailored our advice around a thorough understanding
of the issues you face- the way you are paid/potential
of changing employment status in future/etc.
The policies that we recommend cover you right up
to retirement age and crucially will continue to pay
out for as long as you are unable to perform the role
that you currently perform (i.e. there is no danger
that an insurer will be able to suggest that you are
healthy enough to work in a lower paid job and cut
your benefit)...’
To learn more about the schemes and to receive a
personalised illustration please email us at greenlantern35@contractorfinancials.com
we will then contact you to discuss in more detail.
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