Mark Simmons is 32 years old and has been a self-employed accountant for six years in Newcastle. A s...
Mark Simmons is 32 years old and has been a self-employed accountant for six years in Newcastle. A single smoker, Mark has no adverse medical history. He took out a decreasing term life assurance policy with his mortgage, but now wants to take out an income protection (IP) plan. Mark earns, on average, £30,000 a year and his mortgage repayments stand at £500 a month. Other than his mortgage, he has no other debts and has savings of £12,000. What are his IP options?
