Income Protection

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.

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.