Imagine you've been made redundant and you're looking for a new job. You see two job adverts in the paper or online and at first, they appear identical. A role that you are both suited too and experienced in. Both great companies with good benefits overall and career prospects. Job A pays £35,500pa and Job B pays £35,000pa. The only other difference you can see is that Job A offers sick pay for a maximum of 3months, whereas Job B offers sick pay until retirement.
Which job would you take?
Sick pay for 3 months
Sick pay until retirement
When faced with this decision, many people would choose the unlimited sick pay; validly recognising what a valuable benefit it would be if you were ever in a position where you needed to use it. The seemingly little difference in salary seems a small price to pay for the peace of mind that this can offer.
It seems odd then, that when given the opportunity to ensure a guaranteed income for yourself, regardless of your employer, or whatever challenges you face health wise, so many people fail to do this for themselves.
Income protection plans ensure you have an income, no matter what happens to you; rather than relying on your employer to provide this, make this a certainty for yourself and give us a call about guaranteeing your sick pay until retirement.