We all know that Dads are priceless. But did you know that, according to research by Legal & General, the value of the domestic work they do exceeds £21,000 a year?
So just how much income would be needed if you were unable to work due to incapacity caused by a critical illness or injury and you had a family to support? We have an Income Protection Calculator to illustrate the maximum level of cover you may be eligible for. You can use Income Protection benefit in any way you like – from helping towards the mortgage repayments, household bills or covering medical care, to simply helping to maintain your lifestyle.
Don’t forget that from 21st December 2012, changes to the EU Gender Directive will mean insurance premiums are very likely to increase by variable amounts. Evidence compiled by HM Treasury suggests for men it could mean an increase of around 25% for Income Protection plans.
The information contained herein is targeted at consumers based in the UK. It should not be taken as advice or guidance, and Paradigm Capital Limited does not guarantee the accuracy or content provided. If you wish you to receive financial advice, please contact Paradigm Capital as above.
For further information on this or any other aspect of financial planning, please contact us on 01273 321 223 or at firstname.lastname@example.org