Call us
01242 697821

Blogs

Keep up to date with the latest news and our guides on all things mortgages. 

Income Protection: Not just for the over 30’s

According to recent research by Cirencester Friendly*, almost 23% of their claimants are aged 30 or under. This is an eye-opening statistic that highlights the importance of Income Protection for young people. Many of us don't like to think about the possibility of becoming ill or injured, but it's important to be prepared in case the worst does happen.

Why do you need Income Protection?

If you're under 30, you might think that Income Protection is something that only older people need to worry about. But the truth is that accidents and illnesses can strike at any age, and it's important to be prepared. Income Protection can provide a safety net in case you're unable to work due to an illness or injury.

Imagine you're a young professional in your mid-20s, working hard to build your career and save for the future. You're healthy, active, and don't smoke, so you might think that you're unlikely to need Income Protection. But what if you were diagnosed with a serious illness, such as cancer or multiple sclerosis? What if you were injured in an accident and couldn't work for months, or even years?

Sarah's story

This is exactly what happened to Sarah, a 28-year-old non-smoker who works in the IT industry. Sarah was diagnosed with breast cancer last year and had to take six months off work for treatment. She had some savings to fall back on, but they quickly dwindled as she paid for her mortgage and other everyday expenses. Without Income Protection, Sarah would have been in a very difficult financial position.

Thankfully, Sarah had taken out Income Protection a few years ago. This meant that she was able to claim a monthly benefit while she was off work, which helped her cover her bills and maintain her standard of living.

Sarah's story is a powerful reminder that illness and injury can happen to anyone, at any age. Income Protection is a valuable tool for protecting your financial security and giving you peace of mind. If you're under 30, don't assume that you don't need it – take the time to explore your options and find a policy that works for you. You never know when you might need it.

SPEAK TO AN ADVISER

Source: *https://protectionreporter.co.uk/cirencester-friendly-claims-disclosure-reveals-23-of-claimants-were-aged-30-or-under.html

Related

Manage cash flow by leveraging your equity

Manage cash flow by leveraging your equity

Loading up the credit card is something we see all too often. But have you thought of leveraging the...

Read More >
Is it time to review your protection policies?

Is it time to review your protection policies?

Recently we have been seeing all sorts of local news pieces on crowding funding appeals to help fami...

Read More >
Your dream garden can be within reach – unlock the equity in your home

Your dream garden can be within reach – unlock the equity in your home

Spring is just around the corner, and with the promise of warmer days and blooming flowers, many hom...

Read More >
How to protect yourself against identity theft

How to protect yourself against identity theft

Identity theft is a type of crime where someone's personal and financial data is obtained and us...

Read More >
Soaring debts in the over 55s

Soaring debts in the over 55s

Recent research carried out by Later Life Lender more2life and economics consultancy Cebr has reveal...

Read More >
Children’s & adult’s personal accident plans

Children’s & adult’s personal accident plans

All ready for the tennis this month! Do you have your racquets and balls ready to go? What about ins...

Read More >

What our clients say...

Latest Blog

Key Changes to Stamp Duty

As of April 1, 2025, significant changes to the UK's Stamp Duty Land Tax (SDLT) have come into effec...
Read More

Here are some tips for managing bills and finances when you don’t have a regular income

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Look after your health to ensure you are ready to work

Managing money and bills self-employed can feel like a juggling act. Especially since you don't have...
Read More

Is equity release available for the self-employed?

Are you self-employed, retired, or unemployed and looking for equity release? Are you wondering if y...
Read More

Why income protection & critical illness cover are extra important for the self-employed

If you're self-employed in the UK, income protection and critical illness cover are extra critical. ...
Read More

Do you need extra building and content insurance policies in place if you work from home?

Maybe you've spent a bit of time putting together your business. Now everything is going well, you w...
Read More

Can I get a mortgage if I’m self-employed? Plus other commonly asked employment questions

Work habits in the UK continue to evolve and change. And so, the mortgage industry is addressing con...
Read More

Health Insurance and Buying a New Home: Why They Go Hand in Hand

Buying a new home is an exciting milestone but also a significant financial commitment. While health...
Read More

Selling this spring? Top tips to get your house ready for sale!

Firstly, let’s ask, how does your house look from the street? First impressions are so important wh...
Read More

What insurance do you need to buy a home?

Are you buying a home in 2025? You’ve sorted out your finances, found the perfect home to buy, and ...
Read More


Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

Our Fees        

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.


  • Back to top