Insurance you hope to waste

You pay a small amount every month for something you hope never to use. Here is the same person, the same illness and the same spending, planned with the cover and without it.

Appreciating Asset Earned Income Tax Efficient Capital Gains Retirement Planning

Employment

Insurance

Expenses

ISA

Savings Account

Investments

Insured

2 Goals

Hold the income protection policy from today to sixty-five, and claim on it when the illness comes.

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Employment

Expenses

ISA

Savings Account

Investments

Uninsured

1 Goal

Keep the premium, and fund the same illness out of savings.

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Insured

Uninsured

The years he could not work leave the plan without cover ~£451.2k poorer, on an identical illness and identical spending.