Click above to get a quote for job loss insurance that covers mortgage payments or loss of income due to accident, sickness or redundancy.
Who needs income protection insurance? |
Just consider these worrying statistics about unemployment and disability in the UK:
Every day 90 families have their home repossessed. The majority of these repossessions are because of the financial hardship caused by job loss.
20% of all working age households (3.8million) have someone who is currently out of work.
Every day 500 people loose their job through redundancy. Nearly 70% of unemployed men and 50% of unemployed women will be out of work for over 6 months.
A third of all people aged between 26-37 have experienced unemployment for a period exceeding 2 months.
Every day 3,000 people will attempt to claim State Disability Benefits.
Nearly 3 million people are disabled and have been unable to work for a year or more.
Source: Department of Work and Pensions, 2003
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Equity Release Mortgages