Your everyday life is reliant on your income - it allows you to maintain the lifestyle to which you have become accustomed and also allows you to continue to provide for those around you.
What would happen if this income were to cease?
How much cover does your employer offer you, if any?
State Incapacity Benefit is too low for many people to survive on and after a period of full pay at work you could be left with Statutory Sick Pay in order to meet your everyday costs of living - chances are this would not be sufficient.
PHI allows you to insure a percentage of your income so that if you are off work for a prolonged period of time, you continue to receive an income upon which you can live comfortably.
You can insure anything up to 75% of your salary, less state incapacity benefits (in most cases). The deferred period, which is the amount of time you have to be off before the insurance begins to pay out, can be adjusted to take into account any full pay you may receive for a period of sickness. A longer deferred period will reduce the premium.
Whether you have a specific requirement or need a complete review of your financial affairs, simply contact us to arrange that first confidential meeting.