INCOME PROTECTION INSURANCE

UK Income Protection - insurance for your income against unemployment, sickness, disability and serious illness

Our income protection insurance policies are available to all UK residents in England, Wales, Scotland, Northern Ireland, Channel Islands & the Isle of Man. They are designed to give you and your family full protection against unemployment, serious illness, sickness, redundancy, accident and disability. Most people do not realise the importance of good protection for their income and they also seem to think that the government will take car of them enabling them to keep the same standard of living. The truth is that if you are made redundant and become unemployed your standard of living will be dramatically effected as state benefits come nowhere near to matching your income. Our insurance policies can cover you for unemployment and disability on their own or both together making it a far more flexible option for income protection against job loss or redundancy.

Income Protection Insurance in the UK

Income protection insurance can only usually be found as part of a mortgage deal, this is the case with the big name high street lenders, under our policies you do not have to be a mortgage holder and everything is accessible online. However, our income protection insurance policy can cover a monthly mortgage payment, or rent, loans, household bills , salary etc. It is also totally portable to other lenders or independant brokers.
Under our policies your income / pay / salary will be totally protected under the umberella of a Churchill Company which guarantees you peace of mind in the knowledge that your income cover is protected by an insurance policy from a large reputable company.

UK Income Insurance Facts

Almost half of all UK workers don’t have an adequate financial back up, either through savings or by insurance if they lost their job a new survey reveals.

A new survey by the British Association for Protection Brokers (BAPB) reveals alarming gaps in the nations finances with one third of respondents saying that they would hope to rely on state social security benefits if they were unable to find employment after redundancy.

Redundancy - Income Shortfalls

The statistics are worrying says BAPB’s Director, Richard Longfellow "People are very aware of the risks of redundancy or long term illness and yet they’re still not making adequate provision." UK Households in Wales and the Midlands were found to be the least well prepared for redundancy. Only 37% of those in the Midlands said they would be able to cope with job loss and in Wales the figure drops to 26%.

In Scotland only 57% of households said they would be prepared if the main wage earner were to be made redundant. Only 25% said they had enough insurance in the form of income protection to cover their mortgage and living expenses in the event of redundancy.

"We found a lot of contradictions in the report." Adds Longfellow, for example, many households were aware of how little they would receive from the State. Yet despite this most have not thought about how they would supplement it.

Protection for your Income

If you haven’t got spare cash then some kind of income protection insurance could ease the pain in the event of redundancy. UK Income Protection Insurance pays out a proportion of income for up to 12 months in the event of redundancy.

Social security benefits are paid out depending upon individual circumstances, but currently job seekers allowance is just £53.95 per week, and incapacity benefit is not much better, starting at around £70 for long-term illness or disability.

For more details on state benefits see the Department for Work and Pensions website (www.dwp.gov.uk) link.

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INCOME PROTECTION INSURANCE

UK Income Protection - insurance for your income against unemployment, sickness, disability and serious illness