It is vitally important to have the knowledge and ability to make good decisions that will protect your family and loved ones if there is an unexpected/untimely death, illness or accident.

For example, if you or your partner were unable to work would your household expenditure be covered?

Lifetime’s specialists work with you to answer such ‘big questions’ and deliver solutions so that you have the right cover in place for yourself and your family.

Income Protection Awareness Week (IPAW) started yesterday (September 18th) and will run until September 22nd.

Income protection 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.

It may help you maintain your lifestyle. Income protection insurance is also known as permanent health insurance.

The total amount of protection pay outs (including income protection, critical illness and life insurance) for both individual and group protection policies hit £6.85bn in 2022, according to the Association of British Insurers (ABI) and industry body Group Risk Development (GRiD).

Overall, providers paid out around 98% of claims last year.

We believe every individual and family deserves to understand the financial risks they face and the importance of protection.

Protection should be a key component in personal financial education – and any financial plan. Speak to Lifetime if you need help and assistance protecting yourself and your loved ones.