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Death is not the only event that can trigger financial hardship. Loss of earnings due to illness or
an accident can also bring financial problems. The risk of being off work due to illness or an
accident is much greater than death. For every individual of a working age who dies, 14% have
been off work for more than 6 months.
There is no way of predicting when one might be off work due to illness or an accident, or how
long disability will last. Immediate protection is therefore needed unless an employer provides
it.
Anyone who is financially dependent on earnings faces this risk and has the need to protect
against it.
Relevant factors might include the following:
1. How long (if at all) an employer will continue to pay a sick employee, at either full or half pay.
2. For a self-employed person, earnings might cease immediately or continue for some time
(e.g. payment for past work or commission on past sales).
3. Some workers may have just themselves to support, whereas others may have dependents,
such as a spouse or children.
4. Any state benefits payable
Please contact us directly or use our online enquiry form for more information or if you wish to
arrange some IPI. Alternatively we can review your existing arrangements.
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