Income Protection
Protect your income during the credit crunch
With UK unemployment at the highest level since 19971, consumers are more worried than ever about the risk of redundancy.
LV= gives free critical illness cover to new Income Protection customers
Protection specialist LV= is offering free critical illness (CI) cover to anyone taking out an income protection (IP) policy under the LV= Flexible Protection Plan within the next three months. New customers will receive a free lump sum CI benefit equivalent to three times their monthly IP benefit.
PPI unemployment claims soar by 118%
New data from the ABI shows that unemployment claims on Payment Protection Insurance (PPI) rose to 19,105 in November 2008, up from 8,772 in November 2007 - an increase of 118%.
moneysupermarket.com: Unemployment figures
Commenting on unemployment statistics released today, Emma Walker, head of protection at moneysupermarket.com, said: "These figures are just the tip of the iceberg; they reveal unemployment levels hit almost two million (1.92 million) by the end of November last year, yet Brits have been bombarded with news of jobs cuts and redundancies on a daily basis since then.
LV= Mortgage & Lifestyle Protection special offer
Special offer for all customers who switch their existing unemployment cover to LV='s Mortgage & Lifestyle Protection product before 31st March 2009.
Brits continue to neglect protection needs
As the cost of living continues to increase and economic instability remains, it seems that Brits are still reluctant to protect themselves against a potential loss of income by addressing their protection needs.
Singles are financially exposed
With financial news dominating the front pages and access to financial information much more freely available, arguably financial awareness in the UK should be at a record high.
moneysupermarket.com: Latest unemployment statistics
Commenting on new unemployment statistics released today Emma Walker, head of protection at moneysupermarket.com, said: "The economic downturn still rides high and job cuts are being revealed on a daily basis; the rise in unemployment has hit almost two million, or six per cent, and is very worrying indeed.
Job loss would spell financial disaster for one in three
Nearly a third of adults would face financial disaster within two months if they lost their jobs, according to research for MoneyExpert.com.
Singles are financially exposed
With financial news dominating the front pages and access to financial information much more freely available, arguably financial awareness in the UK should be at a record high.
Brits not prepared financially for loss of income this Christmas
With the news that stressed out Britons are being forced to work extra hours and take on a second job in order to fund their households and families this Christmas, research from Combined Insurance has found that more than a third of Britons (34%) would face financial ruin after just twelve days should they suffer a sudden loss of income.
Mortgage holiday scheme welcome but doesn't replace insurance
The Government's mortgage holiday scheme to rescue struggling homeowners is a great helping hand but should not be seen as a replacement for insurance, warns James Harrrison, chief executive of insurancewide.com.
Critical illness cover and payment protection could prove crucial
With household debts and unemployment at a high, moneysupermarket.com urges consumers to safeguard their finances and improve awareness of life insurance policies such as income protection and Critical Illness Cover (CIC).
Be practical and protect your income now
Now may not seem to be the best time to go out and invest in yet another insurance policy. But in times of economic turbulence it's unwise to chance not being protected against potential risks which are directly linked to your financial security.
5 top consumer tips on Unemployment Cover
Unemployment Cover has become increasingly popular in these uncertain economic times for people who want to protect themselves against redundancy.