Income Protection

Insurance – concern as consumers cut back on cover

Fewer than one in four people has a life insurance policy that would support their family in the event of their death, a new study1 has found. As the cost-of-living burden worsens, experts fear that the protection gap could continue to widen. Indeed, a tenth of respondents said they have already given up one or …

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Protect your family – and yourself

The benefits of income protection have been showcased over the last three years during the turbulence of the pandemic years. With more economic uncertainty ahead, now could be the ideal time to take out a policy that protects your loved ones and yourself. Awareness Week Income Protection Awareness Week, originally scheduled to start on 19 …

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Giving up your insurance could be costly

As the cost-of-living squeeze starts to bite, many are looking to make savings on their monthly budget. Experts are warning families to think twice, however, before scaling back on essential protection. Cutting back The number of protection policies held by UK households has fallen by 8%1 year-on-year, research suggests. Worse yet, two in five people2 …

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Pandemic prod to remember income protection

Next to its better-known insurance siblings, income protection can sometimes be overlooked. The pandemic has provided a timely reminder of its importance. Furlough effect The government’s Coronavirus Job Retention Scheme, popularly known as ‘furlough’, supported up to 8.9 million people1 when they were unable to work during the pandemic. Having experienced the importance of such …

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Wellbeing benefits of income protection

Income protection insurance can be a cost-effective way of protecting yourself financially if you are unable to work due to illness or injury. What many people don’t realise is that taking out an income protection policy can have benefits beyond the financial. Many policies now offer ‘extras’ to also help support policyholders’ health and wellbeing …

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