Income Protection News
Income protection vital in light of unemployment situation
People in employment may want to put in place income protection measures such as accident, illness and unemployment cover in light of new projections on the performance of the UK job market.
Despite an upturn in the economy, unemployment in the country will continue to increase well into 2010, according to an academic from the University of Coventry.
Professor David Bailey from the university's Business School said that more needs to be done to help people maintain jobs because unemployment in the UK is rising faster than in European Union states.
"Whilst the government should be praised for measures to help unemployed workers find training and/or employment - such as its £1 billion Future Jobs Fund - it has failed to act in terms of actually keeping workers in jobs," he explained.
Income protection insurance is designed to kick in case of redundancy or incapacitation through an accident or illness.
It offers a source of income until recovery or a new job comes along, although there are exclusions over the duration of the payment.
Such cover is vital because it ensures bills or debts continue to be paid.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.
You may also be interested in:
- Accident Sickness Unemployment Explained
- Term Life Insurance Explained
- Critical Illness Explained
- Life Insurance Advice
- Mortgage Types Explained
- Mortgage Top Ten
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 Services Authority. Registered in England & Wales Company 5703224.