You insure your car and your home. What about yourself?

Lloyd & Whyte Income Protection

As an occupational health and wellbeing professional, you will know that looking out for your physical, emotional and mental health is vital. But what about working on your financial wellbeing?

In an uncertain world with a turbulent economy, learning to be prepared for financial challenges can pay off in the long term.

Consider this

Do you know how much sick pay you would receive from your employer if the worst were to happen?

If you are self-employed and you became injured or ill, what income would you have coming in?

Savings, a working partner or help from family – how long would that last? What if you had a severe illness which meant you were unable to work for months or even years?

It can happen.

The Problem

The higher cost of living is putting the pressure on. Perhaps you have a family, a mortgage, or bills (you will definitely have bills!) Thinking, “it won’t happen to me,” is just a way of ‘burying your head in the sand.’

The Solution

Lloyd & Whyte Income Protection applies to all professionals. Whether you are self-employed or on a contract, putting a financial ‘buffer’ in place can give you both peace of mind and a practical way of staying one step ahead.

What is Income Protection?

Income protection is your safety net for when something goes wrong. It is there to provide financial security by paying a percentage of your income each month if you’re unable to work due to any reason such as injury or illness.

It provides reassurance that much of your income is replaced should you have an accident, or illness that prevents you from working. In the event of a claim, you’ll receive a pre-agreed monthly amount, typically between 50% – 65% of your pre-tax salary, to help cover your essential outgoings until you can return to work.

You can trust our expertise

We have over 60 years’ experience advising clients in areas of financial protection, as well as pensions and investments, and we have specialised in working with healthcare professionals for over 20 years. In other words, you are in safe hands with us.

We can:

• Help you find a policy that gives you the cover you want and need for yourself and your business.
• Help you work out the extent of your income protection. You may not need full cover, or you may only need a certain amount. We can help you find the right protection for you, at the right cost.
• We can adapt your Income Protection plan to cover you on a short term or longer-term basis, and the sooner you put a policy in place the better, as you will benefit from more options and lower costs.

We will:

• Research the market and compare policies from a panel of high-quality insurers.
• Ensure your policy is tailored to suit your profession and individual needs.
• Help you review your current policies to fit in with your requirements.

What’s more, when you get our online quote, you will receive a 50% discount off your SOM membership fee at the time of your next renewal!

There is only one ‘you.’ Make sure you look after yourself.

Lloyd & Whyte (Financial Services) Ltd are authorised and regulated by the Financial Conduct Authority. Registered in England No. 02092560.  Registered Office: Affinity House, Bindon Road, Taunton, Somerset, TA2 6AA. It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.  We cannot assume legal liability for any errors or omissions it might contain.