James worked as a cameraman and had a modest income of £30,000 p.a. Shortly after his 40th birthday he was taken ill at work and was found to have had a blood clot which had moved to his brain. Whilst the medical team were able to disperse this damage had been done and he is now confined to a wheelchair. His reduced mobility meant that he could no longer work and the studio he worked for had to let him go. His doctors advised him that provided he maintains a healthy diet he should still expect to live well into his 90s like his parents.
Unable to earn money, James quickly ran through his emergency fund. He had previously taken out an Income Protection policy and rang the claims line shortly after leaving hospital. His plan started paying out after three months and the payments of £1,250 p.m. (the level of cover he took out) mean that he could afford to keep paying his bills and mortgage.
If James had not taken out this policy he could have lost his home and struggled to make ends meet at a very stressful time of his life.