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A Warning to all self employed people - my story

Make sure you have financial contingency if you fall ill

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2 weeks ago I suffered a stroke. I am 60 and 6 years off retirement. I am self employed (technically I'm a Director of my own company). If I don't work then mortgage doesn't get paid.I am not over weight, drink relatively little, never smoked. I have been relatively lucky - movement is largely okay, mental abilities fine (clear as day). However my speech and writing are buggered (but with time will get better). My main day job is a maths 1-1 tutor and I deliver training courses for companies. I cannot work for the forseeable future.

I did have an income protection policy but it ran out last August on my 60th birthday and they wouldnt re-quote, in line with lots of other companies - too risky. So no benefit from £55 every month for 17 years! I have loads of life assurance but they refused critcal illness as I have an underlying heart condition (corrected at 11 years of age with open heart surgery - no problems since). I have always been cautious so do have contingency savings that we can eek out until I can earn again.

Working for yourself sounds wonderful (by the way it is!) but ensure you have adequate financial security. A minute before the stroke I was happily doing some light gardening in the sunshine! You never know what's around the corner! Thank god for the love of my family.

PLEASE SHARE THIS POST in any way that you can (facebook; linkedin etc). By the way, if anybody is in need of course materials, please stop by my web site ( - product overview )!

#stroke #health #self employed #mortgage protection 


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