Insurancewide
Income Payment Protection Insurance
Income Payment Protection Insurance from Insurancewide
Income
payment protection is usually designed to help you in case
something happens that might affect your life and commitments.
Consider
the following information:
- One
in three people aged between 25-34 have experienced unemployment
for a period in excess of one month
- Today
in Britain there are nearly 1,000,000 persons who are registered
as unemployed
- Every
day 500 people in the UK become unemployed
- 60%
of unemployed men and 45% of unemployed women will be out
of work for six months or more.
How will Insurancewide Income Payment Protection
Insurance help you?
Income
payment protection insurance will make sure that in times
of hardship you can meet your monthly commitments. By insuring
75% of your income you can in times of accident, sickness
or unemployment draw on this insurance to help meet those
commitments.
The
government estimates that 70% of mortgage borrowers will not
get Income Support due to savings, income, or a working spouse
or partner Income Payment Protection is becoming a product
that is growing in importance in the management of daily life.
In
1998, the introduction of a new incapacity criteria resulted
in 102,000 claimants being turned down for state benefit.
An independent doctor will carry out your assessment and you
must be incapable of doing any work, not just your normal
job, to qualify for state benefit.
For
further information on Insurancewide Income Payment Protection
visit the Insurancewide website.
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