The population of self-employed workers is on the rise, but a worrying article in this week’s Cover reported that the majority are not prioritising protection insurance for their families.
Some highlights from the article (which you can read here), following research from Scottish Widows, include:
- Two thirds of self-employed workers’ households are reliant on one income
- 3million have no protection in place if they were unable to work due to illness
As advisers, you know that income is the foundation to all of our lives, yet too many self-employed workers in the UK are walking a financial tightrope.
Are you doing all you can to protect them?
If scary statistics aren’t enough
We know that sometimes statistics like this aren’t enough to convince your clients that their income needs protecting. It’s still too easy to think ‘it won’t happen to me’.
If this is the case, try these two ideas to really hit the message home:
- Show your clients the real life claim story of our member, David. As a self-employed builder, everything changed for David after a motorbike accident resulted in a severe brain injury. Income protection from The Exeter prevented him from falling into serious debt, while our rehabilitation benefit enabled him to return to work just 2 years later
- Use our Financial Forecast Calculator to show your clients the shortfall they would face if they had to rely on sick pay from the Government. It will come as a surprise to many.
Protect your self-employed clients with Pure Protection
Our benchmark plan for manual and physical occupations, Pure Protection, offers key benefits that can prove invaluable to self-employed workers:
- Waiting periods start from Day 1
- Claims are only ever assessed on an ‘own occupation’ basis
- Clients can fix their benefit to protect against a regularly changing income.
Get in touch
Our experts are ready to speak to you to help your income protection business grow. Give us a call on 0300 123 3207 or email us at sales@the-exeter.com
2016/1822
