RSS Feed

Income Protection

Brits spending £10,339 a year supporting others

British adults spend on average £10,339 a year financially supporting their dependents, according to Scottish Provident's Financial Safety Net Report.

UK families under prepared for the worst case scenario

News statistics show that more families have cover in place for their property and possessions than they do to protect themselves and their families, with financial protection cover.

Women fail to financially protect themselves

Women are leaving themselves seriously under-insured financially according to a report from protection specialist, Bright Grey.

Legal & General introduce faster application process

Legal & General have announced major improvements to their online quote and apply.

LV= announces enhancements to protection offering

Protection specialist LV= has announced enhancements to both its income protection and critical illness cover.

Yorkshire reduce Mortgage Protection Insurance rates

Yorkshire Building Society has announced that it will be reducing its Mortgage Protection Insurance rates (MPI) in a bid to help customers cope with rising living costs.

LV= reports rise in critical illness and income protection payouts

Protection specialist LV= has published its 2010 protection claims record, which shows an increase in claims paid on both critical illness and income protection policies. 93.5% of all critical illness claims, and 92% of income protection claims were paid in 2010, both up from 90% of claims paid in 2009.

Unemployment figures highlights need for protection

John Pollock, Group Board Director for Legal & General's Risk business comments on the rise in unemployment figures released by the Office for National Statistics (ONS).

LV= extends 5% income protection discount

Leading income protection provider LV= is extending its offer of a 5% discount on its income protection product until 14 February 2011.

Majority of families do not feel they have adequate financial protection

Aviva's first Family Finances Report reveals that 93% of families do not feel they have adequate financial protection. On average a staggering 61% of families confessed they don't have even basic life insurance, with 87% saying they are without critical illness cover, and 89% without income protection.

L&G improve application process for Income Protection Plan

Legal & General has made significant changes to its Income Protection Benefit medical evidence limits to improve the application process for customers.

£15,837 worth of debt is the new normal

Britons only see themselves in serious financial difficulty once they are in over £15,837 of debt, according to Scottish Provident's Financial Safety Net report.

How to secure your financial 'safety net’

What would you do if you lost your job tomorrow? Do you have a financial safety net in place?

Why Brits don’t bother with Critical Illness Cover

New research from Confused.com has revealed the reasons why so few Brits have taken out Critical Illness Cover, which pays out a lump sum if the policyholder develops an illness or condition covered in the policy.

Six in ten Britons are without any form of protection

According to Scottish Provident's new Financial Safety Net Report 58% of Britons do not have any type of protection in place and 31% would be forced to drastically cut back on living costs should they or the main breadwinner be unable to work for a prolonged period of time.