Income Protection
The aim of income protection is to provide you with financial peace of mind if you are unable to work due to illness or accidental injury. If you are ill and unable to work you will still need to pay for life’s essentials, such as: Food, Mortgage Payments/Rent, Electricity, Gas, Water, TV Licence, Council Tax and Clothing.
Won’t happen to you? – According to the labour market review published in February 2024 the UK claimant count was 1.579million “The UK economic inactivity rate (21.9%) for those aged 16 to 64 years was largely unchanged in the latest quarter but is above estimates a year ago (October to December 2022). The annual increase was driven by those inactive because they were long-term sick, which remains at historically high levels.” (Source: www.statistics.gov.uk/labourmarketreview)
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