Income Protection – What is it and why do we need it?
Income Protection Statistics
The State will not pay your mortgage in any case if you have over £8,000 in savings, and the mortgage was taken out after 1 October 1995
Source: Redmayne Consulting, 04.2003
The maximum State Disability Living Allowance is only £97.15 per week
Source: Redmayne Consulting, 04.2003
Four million people in the UK are currently claiming income support
Source: Office of National Statistics
Stress leads to a million claims for disability
Source: Financial Times, 03.2004
People are 19 times more likely to be off work for more than six months due to illness or injury than they are to die before the age of 65
Source: Department for Work and Pensions
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