Rhino
Income Protection Insurance
Income Protection Insurance from Rhino
The
UK's unemployment figures are at their lowest level for many
years but in a rapidly changing world there are no guarantees
of job security.
Every
year around 20,000 people are made redundant. Statistics suggest
that only one in ten mortgage borrowers have taken the trouble
to protect themselves against the possibility of losing their
job.
Estimates
predict that at least 80 per cent of breadwinners couldn’t
afford to support their family, even for a short time if they
lost their job.
Income
insurance exists to cover this. As well as unemployment it
covers problems brought on by sickness or accidents.
It
is possible to prune the costs of income insurance. By shopping
around and using an independent broker like Rhino you should
be able to make a saving of at least 40 per cent. Alternatively,
savings of 30-40 per cent should be made by limiting the income
insurance policy to cover unemployment only. Simon Burgess
of Rhino Insurance an independent insurance specialist said:
"Unemployment cover typically pays out a maximum of 12
months although there are policies available which will cover
for two years."
For
further information on Rhino Income Protection visit the Rhino
website.
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