Bill Edwards is 26, single and works in a London-based office as a junior marketing consultant. His ...
Bill Edwards is 26, single and works in a London-based office as a junior marketing consultant. His annual gross salary currently stands at £25,000. Bill recently bought a flat with a mortgage of £85,000 and a 25-year term. He also pays £200 a month to meet student loan repayments. Bill has £5,000 savings and took out a decreasing 25-year term life assurance policy with his mortgage. He is a non-smoker and in good health with no adverse medical history. Most weekends, Bill enjoys abseiling and rock climbing. Twice a year he goes on a mountaineering holiday. What are his income protection (IP) options?
