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Income Protection

Why Brits don’t bother with Critical Illness Cover

New research from 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.

Almost 7 million adults living beyond their means

Almost 7 million UK adults (14%) are living well beyond their means by spending more than they earn to fund their lifestyle, a new survey by Bright Grey has found.

Personal finance overhaul

Personal finance overhaul

It can be a struggle at the best of times to manage our household finances, but with a current poor economic situation and pay freezes to boot, it’s even more difficult.

Brits baffled by benefits from the welfare state

Nearly 40 million Britons are unclear of what kind of financial support they would receive from the Government in the event they or a family member were diagnosed with a serious illness, suffered a bereavement or a disability, according to Scottish Provident's Financial Safety Net report.

LV= offers 5% income protection discount

Leading income protection provider LV= is offering a 5% discount on income protection for the rest of 2010.

How long would your ‘financial safety net’ last?

Almost four million Britons will be unable to maintain their current lifestyle beyond February 2011 if they had to live off their current ‘emergency' financial provisions, according to Scottish Provident's Financial Safety Net report.

Income protection insurers promote healthier lifestyles

Analysis by Defaqto reveals an increasing trend for income protection (IP) insurers to actively encourage their policyholders to adopt a healthier lifestyle by offering various health and wellbeing service related promotions.

One-third of new debts do not have life cover

A report by independent financial research company Defaqto has found that almost one-third of new debts do not have life cover associated with them.

5 star income protection from Friends Provident

Friends Provident has earned a Defaqto 5 star rating across its entire range of individual Income Protection (IP) products. The rating, which signifies a mark of excellence in the marketplace for both advisers and customers, was awarded following enhancements to its product suite.

Protect your lifestyle, not just your holiday

As the holiday season approaches and Britons rush to get travel insurance to cover them while abroad, Friends Provident is urging people to protect themselves for life, not just while on holiday.

Legal & General offers pay as you go indexation

Legal & General will now offer indexation on family and income protection products on a ‘pay as you go' basis. Indexation ensures that a policyholder's sum assured keeps pace with inflation, helping to maintain its value in real terms.

Unsung benefits that complement a protection policy

Protection specialist LifeSearch has unearthed what they believe to be some of the best policy features that offer free additional cover to customers.

LV= improves Mortgage and Lifestyle Protection

Protection specialist LV= has announced improved flexibility and lower pricing for its Defaqto 5 Star rated Mortgage & Lifestyle Protection (MLP) product, developed as a superior alternative to traditional accident, sickness and unemployment cover.

Money worries force "working wounded" back to work

A new 360 degree study of UK businesses and their employees suggests that the majority of UK employees (78%) would be prepared to jeopardise their long term health by returning to work from sickness absence before they're 100% fit.