The average UK employee has become enough savings to last them just 32 days on their current lifestyle if their income stopped. But with Legal & General’s Rental Protection Plan, you can help provide the financial security for you or your family, should the worst happen, with a monthly benefit to help pay the rent.
Why it’s important to be protected
Taking out Rental Protection Plan is a great way to protect yourself, or the ones you love should the unexpected happen during the length of the plan. But don’t take our word for it, take a look at the facts below:
- If you have a 12 month lease you’re committed to pay that amount
- Going into arrears could affect your chance of having a new tenancy agreement or mortgage
- On average, only 30% of employees have a financial back-up plan if they couldn’t work due to long-term critical illness, disability or loss of salary
- Employers only have to pay you statutory sick pay for up to 28 days
- UK rents are expected to climb by 15% over the next five years
- Renters spend 40% of their income on housing costs, double what owner-occupiers pay
Choose the cover that suits you
Everyone has different needs. That’s why Legal & General offer three different benefits within the plan, so you can choose the protection that fits your lifestyle.
Everyone has different needs. That’s why Legal & General offer three different benefits within the plan, so you can choose the protection that fits your lifestyle.
- Rental Income Protection Plan
- Rental Life Insurance
- Rental Life Insurance with Critical Illness CoverContact one of the BELVOIR! Grantham team today to find out more!
T: 01476 542100 Fax: 01476 542101 Email: grantham@belvoir.co.uk
