If you are unable to work because of illness, injury or disability - could you still pay your mortgage, bills or other living expenses?

1. INCOME PROTECTION COVER
- DO YOU NEED IT?
If you are unable to work because of illness, injury or disability
- could you still pay your mortgage, bills or other living expenses?
YOUR OUTGOINGS
LIFE WITHOUT INCOME PROTECTION
Phone &TV
Leisure
Utilities
Food
Fuel
Mortgage/Rent
Income
£531UK households spent on average a week in 2014*
*Doesn’t including mortgage payments - but does include
housing fuel & power, transport, recreation & culture, food,
household goods & services, clothing & footwear.
You may be entitled to
£88.45Statutory Sick Pay from your
employer for up to 28 weeks
Thereafter
State Benefits
of just over
£100a week (subject to meeting
all relevant conditions)
So you can’t go to work, what are you entitled to?
WILL IT ACTUALLY PAY OUT?
And to protect yourself, lifestyle and what pays for it
£11.51 a monthThe actual price will depend on your personal circumstances and provider.
Income protection insurance pays you a regular income if you can't work because of sickness
or disability and continues until you return to paid work or you retire (whichever is sooner).
Policies can differ from person to person depending on individual circumstances, which is
why it is important to take sound advice before selecting a policy.
For advice on how we could help you get the most suitable Income Protection, freephone
0800 211 8700 or visit www.supercontractors.co.uk
WHAT MATTERS THE MOST?
Note: If you receive state benefits or claim money under any other insurance
policy, the amount paid out by your income protection provider may be
reduced.
WHY IT
SOMETIMES
DOESN’T PAY OUT
Insurance providers will not pay out if
you are not honest or if you haven’t told
the whole truth during application.
Always be clear about you and your
family’s medical history, any pre-existing
medical conditions, dangerous hobbies
or a lifestyle that includes smoking,
heavy drinking or drug
taking.
91.2%of claims paid out for
individual income
protection
in 2015 8
1
2
7
£6.99
a month on
mobile phone
insurance
£10.44
a month on
pet insurance
£101.99
a month on
car insurance
£15.00
holiday insurance
4 5 63
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Super Contractors is a trading name of Contract Mortgages Ltd, registered in Scotland at 1st floor, 207 Bath Street,
Glasgow, G2 4HZ SC465654. Contract Mortgages Ltd is an appointed representative of First Complete Limited, which
is authorised and regulated by the Financial Conduct Authority
Sources:
1. DirectGov.co.uk, Employment and Support Allowance (ESA) - published May 2016
2. Office of National Statistics, http://www.ons.gov.uk/ons/rel/family-spending/family-
spending/2014-edition/sty-the-headlines.html, published December 2015
3. Admiral.com - based on Ford Focus ST1 2015, 30 year old male, September 2016
4. InsureYourPaws.co.uk - based on 1 year old Labrador Retriever, September 2016
5. Protectyourbubble.com - based on iPhone 6s 16GB, September 2016
6. Insureandgo.com - based on 30 yr old, single trip, week in Europe, September 2016
7. LV= Income Protection (Budget) - based on a male, 30 year old, non-smoker, administrator on a salary of
£26,000. Annualised benefit of £14,292 increasing at RPI after deferred period of 3 months. Payable for max 2
years in any one claim and subject to health underwriting
8. ABI Protection Claims Stats 2015 https://www.abi.org.uk/News/News-releases/2016/04/Protection-
Claims-2015-QA
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