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
£6.99a month on
mobile phone
insurance
£10.84a month on
pet insurance
£101.99a month on
car insurance
Phone &TV
Leisure
Utilities
Food
Fuel
Mortgage/Rent
Income
£517.30UK households spent on average a week in 2013*
*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
£9.19 a month
The 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 from our panel of
well-known insurers, freephone 01224 316 200 or visit ABERDEENMORTGAGECOMPANY.CO.UK
Aberdeen Mortgage Company Ltd is an Appointed Representative of First Complete Ltd which is authorised and regulated by the
Financial Conduct Authority. Registered in Scotland No. SC496302. Registered office is 248 Union Street, Aberdeen, AB10 1TN
Sources:
1. DirectGov.co.uk, Employment and Support Allowance (ESA) - September 2015
2. Office of National Statistics, http://www.ons.gov.uk/ons/rel/family-spending/family-
spending/2014-edition/sty-the-headlines.html, published December 2014 - accessed Sept 2015
3. Admiral.com - based on Ford Focus ST1 2014, 30 year old male, September 2015
4. PetInsurance.co.uk - based on 1 year old Labrador Retriever, September 2015
5. Protectyourbubble.com - based on Samsung Galaxy S6 32GB, September 2015
6. Insureandgo.com - based on 30 yr old, single trip, week in Europe, September 2015
7. LV= Income Protection (Budget) - based on a male, 30 year old, non-smoker, administrator on a salary of
£26,000. Payout £1,191 per month after deferred period of 26 weeks. Payable for max 2 years in any one
claim and subject to health underwriting
8. ABI Protection Claims Stats 2013 https://www.abi.org.uk/News/News-releases/2014/05/Protection-
Claims-2013-QA
£11.00holiday insurance
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%of claims paid out for
individual income
protection
in 20138 9
1
2
4 5 6
7
3
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
01224 316 200
ABERDEENMORTGAGECOMPANY.CO.UK