Financial Back to Basics: INCOME PROTECTION Insurance (UK)

Подписаться 2,5 тыс.

Просмотров 8 тыс.

50% 1

In this video I explain the benefits of having an Income Protection insurance policy.
Income Protection insurance is a key element in financial planning that should be considered by all workers, whether employed or self employed in the UK. Its main purpose is to replace a significant proportion of your income should you not be able to work due to accident, sickness or injury. If you were out of work for any of these reasons, how would you be able to meet your basic monthly expenses?
#financialprotection #financialplanning #incomeprotection
Who Am I?
I am a fully qualified Independent Financial Adviser on a mission to make financial advice more accessible to all. Working at Horlock Holdcroft Financial Consultants Ltd, I am qualified to advise in all areas of financial planning including pensions, savings, investments and protection.
My Credentials
Diploma in Regulated Financial Planning
Currently working towards becoming Chartered
Follow Me
Facebook: / yourifalouisefitzgerald
Twitter: / yourifa
Instagram: / your_ifa
Or get in contact through horlockholdcroft.co.uk/contact/
If there are any other topics you would like to to talk about, please let me know in the comments.
DISCLAIMERS
The content of my videos is for information only and does not in any way constitute advice or a recommendation to act. If you wish to take action based on what you have seen in my videos then please seek independent financial advice first. The aim of these videos is to provide you with factual information only.
Investment carries risk and capital invested can go down as well as up - you may not get back the full capital invested.
Opinions are my own.
Horlock Holdcroft Financial Consultants Ltd is authorised and regulated by the Financial Conduct Authority.

Опубликовано:

5 авг 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 31

@Calvertmarian 7 месяцев назад

Only if a good amount of folks do what you teach, just imagine how many millionaires we already have or will have in the future. I have been looking at similar opportunities. As Warren Buffet noted, he has witnessed this occur frequently. Never did my husband and I make more money than others in the middle class. With a $250k stock portfolio, we intend to retire at age 58. Never have we ever sold even one share of stock...

@brownwellson54 7 месяцев назад

I already own shares of Tattooed Chefs and Kairos Minerals, and I'll buy some Corsair as well. Sure, I don't mind having these equities sit around for a few years, but I'd also like to appreciate short-term profitable investments that could, say, turn $50K into $200K.

@brownwellson54 7 месяцев назад

I've worked with a few different financial advisors, but I ultimately chose Jenny Pamogas Canaya because she seems to be very thorough and knowledgeable about the financial market. I have made more profits with her guidance than I ever did when I invested on my own using RU-vid.

@Louise.Fitzgerald_IFA 5 месяцев назад

Thanks for taking the time to share your thoughts.

@philkrstic2292 3 года назад

This is really helpful and nicely explained - thank you!

@Louise.Fitzgerald_IFA 3 года назад

Thanks for watching!

@divyeshpatel2882 3 года назад

Thank you so much, very helpful.

@Louise.Fitzgerald_IFA 3 года назад

Thanks for watching!

@sohailshamsi3273 3 года назад

Very useful information well explained very clearly.

@Louise.Fitzgerald_IFA 3 года назад

Thanks for watching!

@444stick 2 года назад

She’s really well informed. For those that aren’t, be careful to check if you have your life and critical as additional or combined. People often think it’s a “all as one” but could have life policy separate to a critical illness. Though with a lot of providers it be one or the other. Really great video overall.

@Louise.Fitzgerald_IFA 2 года назад

Thanks for watching!

@444stick Год назад

You’re video came up after I got a promotion and now actually sell IP but wanted to research things I already now. Thank you for your help you probably helped me get the job without me even knowing!

@Louise.Fitzgerald_IFA Год назад

Fantastic. Congratulations!

@radhaor 3 года назад

Very good presentation, from Ireland.

@Louise.Fitzgerald_IFA 3 года назад

Thanks for watching!

@leewalerzak Год назад

Nice video.. Iv opted for a life cover and lifetime income protection I'd rather have an income every month than a lump sum pay out critical illness offers and if I die that's where the life policy comes in..

@TheRobaber 2 года назад

Nice video. Do you think people should look at a policy, which would cover their monthly costs or for the maximum payout?

@Louise.Fitzgerald_IFA 2 года назад

Thanks for watching. For income protection the insurer will cover a percentage of your salary so the amount of cover you can secure will be dictated by that.

@ugiagbe123 2 года назад

Really well done video. Very easy to follow so thank you. It clarified some points that right now seem obvious but weren’t so much at the time. Quick question - can you make numerous claims on short term IP policy before it lapses?

@Louise.Fitzgerald_IFA 2 года назад

Thanks for watching! Yes, it is possible to make multiple claims on a short term policy, but be sure to check the terms of the policy as each provider has different terms and conditions.

@virginiefayolle7241 Год назад

Any tips on how to consider various scenarios of illnesses and period to return to work. How should one with a comfortable employer sick leave policy and emergency fund approach income protection?

@Louise.Fitzgerald_IFA Год назад

I suggest you arrange to speak to an adviser for clarification about this. I'd be happy to help. You can book a free meeting in on my Instagram page.

@Lions_Den_46 2 года назад

hi I've been paying £30 a month for past 3 years thats almost over £1000 by now and thankfully I didn't had any health issues even during the pandemic but recently been thinking about cancelling it I think it was waste of money...any advice?

@Louise.Fitzgerald_IFA 2 года назад

It's great that you've not needed to claim on your policy, but if you do cancel it you won't be able to claim anything if you're unable to work due to accident or illness. In addition, if you decide to take out a new policy later on it's likely to be more expensive as you'll be older.

@TheDomokosi 2 года назад

Lets suppose I got bored working and get myself fired and never went back to work, would they pay till the mortgage ends?

@Louise.Fitzgerald_IFA 2 года назад

I'm afraid not. Income protection only pays out if you are unable to work due to illness/sickness/injury.

@TheDomokosi 2 года назад

I'm in the proces of buying a property and I'm hesitant about income cover because the term is obviously very long and many personal circumstances change over the years which need to be rigourosly reported and updated in order for the insurance to be valid. So plenty of oportunities to miss reporting something. I had bad experience with one (car) insurance provider.

@Louise.Fitzgerald_IFA 2 года назад

I'm sorry to hear that

@erich4830 Месяц назад

life insurance can pay my mortgage?

@Louise.Fitzgerald_IFA Месяц назад

Life insurance payouts can be used for whatever purpose you like. Though there are specific policies to cover mortgages that may be more suitable if that is your goal.