Self-employed? What happens if you can’t work?
We’ve worked with over 5,000 UK individuals and counting to secure their finances against the unexpected.
To attain FREE financial advice regarding options for self-employed individuals complete the form below.
Having the drive to become self-employed is an amazing achievement but it comes with risks.
Those include the fact most people will not earn money unless they’re working.
So, what happens if you get ill?
We’re always amazed more self-employed individuals do not know about Income Protection.
In the event you can’t work, Income Protection will pay up to 75% of your gross monthly income as a tax-free lump sum.
How you spend this is up to you. It can help you pay the bills and maintain your lifestyle while you’re out of action.
Even if you don’t end up going back to work, Income Protection will continue to pay until the end of the policy term.
Why not spend 30 seconds completing the quiz below?
You will then have the opportunity to speak to an expert financial adviser for FREE who can guide you on the best options for your circumstances.
And did you know that in the UK, the current level of Statutory Sick Pay is just £96.35 per week? That’s for employed people, if you’re self-employed you won’t qualify to receive anything.
Think about that for a moment.
Now, let’s compare this to the actual cost of living in the UK: an average of £500 per week. Not forgetting days out, other finance agreements and debts, alternative modes of transport, birthdays, medication, and other necessities such as clothing or providing for more than one child.
If you were unable to work due to a serious illness or injury.
…Would you be able to cope with £96.35 per week?
Regardless of whether you have children or not, if getting ill or injured means you couldn’t pay the bills, then you might want to consider income protection insurance.
An IP claim is not a one-off payment. Claims can last for years and will pay out up to 75% of your income each month in a tax-free lump sum.
At LV, the longest ever claim has run for 32 years and counting, for a member who has since been diagnosed with epilepsy following a stroke. Their payout now totals nearly £300,000.
If you would like to explore whether income protection insurance is right for you, then get in touch with us for FREE, no obligations advice.
Every owner would agree that running a business is no walk in the park.
Problems can occur at every turn. Often the one most entrepreneurs don’t foresee, is the ones which affect them personally.
But what happens if you unexpectedly get ill?
You must ask yourself how long the business could operate without you?
How long could it afford to pay your wage?
Business protection is reassurance.
It’s free to use BulbFin to find business protection – you’ll never be charged for quotes.
Some forms of protection could cost the same each month as a Netflix subscription or a meal out. Unlike those past times, however, the cost won’t rise.
Our partners look far and wide to find the best deal, so if you find a quote cheaper elsewhere let us know.
97% of all individual claims were paid out in 2016.
That’s an average of £13m a day for individual life, critical illness and income protection insurance claims, according to the Association of British Insurers.
Our partners work to a figure more akin to 98%.
The 2%? Those are usually fraudulent or cases of misinformation.
When you start a policy with one of our partners they pay us a small referral fee.
We truly believe that everyone who has financial commitments needs to protect themselves with the right form of insurance. Therefore, we take pride in helping people receive expert financial advice.
It’s true! Our advice is free. Our partners pay us a small commission if you elect to consolidate your pension through their service. It’s a win/win/win situation!
There are a couple of reasons it’s important you speak to someone on the phone.
Business cover is not like travel or even car insurance where the payouts are in the thousands. With business protection the claim may be in the hundreds of thousands – sometimes more. Therefore insurance companies like to have a recorded conversation to ensure you are who you say you are.
Also, speaking to a real person will help you get expert advice to find the right cover to suit your circumstances.
No need to take our word for it. All of our insurance partners are regulated by the Financial Conduct Authority.
They are held to a high standard and have a duty of care to everyone they speak to.
Uncomplicated, jargon-free advice to start your financial journey.
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