Thomas is covered with My Earnings Insurance, are your clients?
Thomas a budding builder took out My Earnings Insurance, an income protection contract with Cirencester Friendly at the age of 25. He has £1,000 a month benefit with Day 1 cover.
Thomas’s monthly premium on Guaranteed Level is £30.42.
After years of enjoying carrying out his building occupation, Thomas unfortunately suffered an injury at the age of 40, leaving him unable to work.
For most people this would be a financial shock, but not for Thomas, as he has financial security in place with My Earnings Insurance.
Thomas paid premiums of £30.42 x12 = £365.04 P/A (£1 per day for cover) x 15 years = £5,475.60.
Therefore Thomas’s My Earnings Insurance contract would pay out a potential of £1,000/month (12,000 P/A) x 25 years = £300,000. This is based on the client meeting the claim criteria which is being unable to perform their own occupation.
Ensure your clients are covered with My Earnings Insurance today.
To find out more call our Sales Team on 0800 587 5098 option 2 or get a Personal Quotation today!