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Income Protection

Over a third of British families lack financial safety net

Data from Legal & General looking at how prepared UK consumers are financially has revealed that 35 per cent of British families have no financial safety net to cope with a sudden loss of income.

Is protection a priority?

More than 12 million Britons are without a financial back-up plan, according to figures from Bright Grey's annual Financial Safety Net report.

LV= launches Sick Pay Insurance

Protection specialist LV= is launching ‘Sick Pay Insurance', a simplified income protection product, the first of its kind on the market.

Zurich pays 90% of income protection claims

Last year, the global insurers' UK Life business paid out nearly £14m in income protection claims to 765 customers.

Brits still confused by sickness benefit entitlement

New research from Zurich shows that the majority of UK adults are unaware of the limited financial support available to them if they become unable to work through illness or disability.

Two out of five jobless 50 to 60-year-olds blame disability

More than two out of five 50 to 60-year-olds who are out of work blame disability or illness for their inability to find a job highlighting the need for products to help protect income, new research from MetLife shows.

LV= enhances income protection offering for doctors and surgeons

Protection specialist LV= has enhanced the benefits for surgeons and doctors on its income protection (IP) product.

PruProtect offers Income Protection Cover for NHS doctors

In keeping with its trend of tailoring products to meet customer needs, the UK's most innovative protection provider has enhanced its Income Protection Cover for NHS doctors.

ActiveQuote launches income protection comparison service

ActiveQuote launches income protection comparison service

ActiveQuote is celebrating the launch of its new look website on which customers can compare both health insurance and income protection quotes online.

Majority of families left unprotected and at risk of financial hardship

New research from Scottish Widows shows that nearly three quarters (74 percent) of people are putting their families' financial security at risk, by failing to protect their future through life insurance, critical illness or income protection.

Aviva customers received over £29.5M in income protection last year

Aviva's income protection cover provided payments totalling more than £29.5m in 2011, helping around 2,600 customers who were unable to work for long periods of time due to illness or accidental injury.

How long would your ‘Financial Safety Net' last?

Over 20 million Britons would be unable to maintain their current lifestyle after September 2012 if they had to live off any ‘emergency' funds, according to Bright Grey's Financial Safety Net report.

Nationwide introduces Lifestyle Protector

Nationwide Building Society has introduced Lifestyle Protector, an innovative and flexible short term income protection policy.

New insurance policy covers lost maintenance for divorcees

A growing number of divorcees who are totally reliant on maintenance payments from former partners are dealing with the constant worry of payments stopping because of redundancy, illness - or the person simply deciding not to pay.

UK households leave themselves vulnerable to financial hardship

An estimated 8.5 million UK households could not cope financially if the household's main income was lost, with just a quarter (26%) of the 26 million households in the UK stating they would be financially secure in the long term, according to research by Scottish Widows.