Are you protecting your investment contributions?

Are you protecting your investment contributions?

Planning for the future involves more than setting money aside with financial investments and savings; it requires consistency and commitment. Yet, life's unexpected events, like illness or injury, can disrupt your investment journey. These curveballs might make it challenging to maintain your planned investment contributions.

That's why it's essential to consider how you can protect your investment contributions, ensuring they remain steady and uninterrupted if the unexpected were to happen.

Income protection is essential for your investments

Income protection insurance can provide a vital safety net. It pays a proportion of your income, approximately 60-70%, in case of illness or injury and can help you uphold your financial commitments, including contributions to your investment portfolio, if you're unable to work.

Here's why income protection is important for protecting your investment contributions:

• Continuous investment growth: Life can throw curveballs and unexpected events like illness or injury can disrupt your ability to earn an income, but your investments don't have to suffer. With income protection, you can keep contributing, maintaining the momentum towards your financial goals.

• Stay financially stable: If you're unable to work due to health issues, income protection kicks in to provide a steady income. This means you can pay your bills and keep investing, even if you're not bringing in your usual income. It keeps your financial boat steady when the waters get choppy.

• Protect your long-term wealth: By making sure you can keep investing; income protection protects your financial future. It means you can keep growing your investments over time, no matter what health challenges come your way. So, you can still aim for that dream retirement, even if life takes a detour, ensuring you can reap the rewards and enjoy financial security in the years to come.

• Peace of mind: Knowing your investments are backed-up by income protection can bring peace of mind. You can focus on growing your money without worrying about what might happen if you can't work for a while. It's like having a safety net for your financial goals.

Talk to us to explore your income protection options and we can tailor a plan that meets your specific needs and circumstances. With income protection in place, you can enjoy peace of mind knowing that your investment options are protected against life's uncertainties.

Call Tamsyn Whiting on 01793 56 7877 or drop them an email on [email protected]

Approved by The Openwork Partnership on 26/07/2024.