Jump to main content of pageaccessibility informationSitemap
25 Apr 2024
Get a Cheap Income Insurance Protection Quote Get an Instant Quote Today! Go Direct Best Protection Quote Price Guarantee
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Income Protection News

Income protection vital as house purchases pick up

Improvements in house affordability in recent months have seen an increasing number of people get interested in purchasing property, leading to a slow rate of house value declines in the UK.

This has been highlighted in the latest Nationwide House Price Index for June, which has recorded a 0.5 per cent fall in average UK house prices, further increasing affordability.

However, observations made by the company's housing economist Martin Ellis on the future performance of the sector underscore the importance of those getting mortgages putting in place relevant measures to protect their source of income.

Such measures include obtaining income protection insurance or accident, illness and unemployment cover, which could come in handy in case of redundancy or inability to work due to health issues or injury.

According to Mr Ellis, "the outlook for the UK economy remains uncertain with unemployment set to continue rising for some time" despite some signs of improvement, which will impact upon the performance of the housing market.

Legal & General recently published figures showing that an increasing number of British people are taking out protection such as life insurance and income protection cover.

According to the organisation's Martin Noone, people are taking out income protection, family protection and business protection cover.

Do you want advice on Income protection insurance?

After looking through the income protection insurance information if you would like income protection advice, complete our life insurance enquiry form and we will contact you to discuses your income protection insurance and protection needs. Alternatively if you would like to see an income protection insurance online quote why not try our online quote system and see what you can save with our discounted premiums.

You may also be interested in:

Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales Company 5703224. FCA Number 456600

Income protection vital as house purchases pick up - Income Protection Insurance Quotes