More than two-thirds of the UK’s working population are worried about a loss of earnings due to injury or illness such as COVID-19. However, despite these financial concerns, only 19% working adults protect their income through insurance, falling to just 9% for self-employed workers. Source: Mortgage Introducer.
If you were unable to work due to illness, injury or redundancy, how would you keep paying your monthly bills? If you were to die prematurely, how would your loved ones and dependents cope financially?
Having something in place will offer you reassurance that you'll protect your family when you're no longer around.
There are many types of policies to choose which include life insurance cover, critical illness cover, serious illness cover and income protection. To find out more visit your nearest building society branch and an adviser at Mortgage Advice Bureau will explain everything to you in more detail.