Income Protection Quotes

For any type of Accident, Sickness & unemployment Insurance please call one of our advisors for free quotes and advice.

0845 365 0030 quoting ref WS6.
(Advice service available Weekdays 09:00 - 17:00 hrs, Saturday 10:00 - 14:00 hrs)

Online Quotes
I want a quote to cover my mortgage and related expenses.
I want a quote to cover my rent and related expenses.
I want a quote to cover a loan.
I want an quote to cover my income (Not recommended for mortgage, loan or rent cover)
I want total monthly benefit in excess of £2000 per month.
I want long term accident and sickness cover (Benefit payable up to age 65 Excludes unemployment).
I'm confused and need advice.

With more than two million people of working age having been off work for a period of more than six months, the issue of Income Protection Insurance, also known as Payment Protection Insurance, (PPI) or Accident Sickness and Unemployment cover (ASU) has rarely been more relevant

According to the latest statistics for 2005/06 published by the Health and Safety Commission on work-related health and safety in Great Britain, the key facts are as follows.

• 2.0 million people were suffering from an illness they believed was caused by or made worse by their current or past work.
• 523, 000 of these were brand new cases in the last 12 months.
• 146, 000 other injuries to employees were reported.
• 328, 000 reportable injuries occurred.
• 30 million working days were lost overall,
• 24 million working days were lost due to work-related ill health, and 6 million due to workplace injury.

Critics have labeled it a waste of money with borrowers often paying five times over the odds for policies taken out with a loan. However, if you fall ill, suffer an accident or are made unemployed, income protection can provide vital cover.

If bought independently, income protection can offer peace of mind at a decent price. At UK Unemployment Insurance we allow you to compare some of the best income protection insurance policies available.

The advantage of income protection speaks for itself - you have the peace of mind that if you were to fall ill, suffer an accident or be made unemployed, your debt repayments would be covered. State assistance is limited and this can leave you open to huge problems if the unexpected happens.

Redundancy
The facts - you are not alone!

On the downside, the main negative point associated with income protection is how much it costs. The policy (regularly referred to as "payment protection insurance" in this instance) is usually sold alongside a loan or a credit card. Lenders make it sound compulsory but the fact is that income protection is completely optional. Make sure you always read the small print. With credit cards in particular it's not unknown for companies to 'hide' charges for your insurance among your purchases. Always check and double check that you're not paying for anything you don't want.

Consequently, it is best to shop around for the best income protection deal independently. Don't assume that just because you are getting a good deal on a loan or credit card that this company's insurance will be the best too. Take a full overview of the market.

The Government produce figures relative to redundancy going back to 1997. However, they have recently changed the way that statistics are reported. Nevertheless, you may be shocked to find out how many people do get made redundant. In the *first quarter of 2006 the number of officially notified redundancies was 147,000 people. That equates to nearly 600,000 people made redundant during the year. Which in turn means that on average roughly 2400 people were made redundant every working day! Ten years ago the age split for those being made redundant was pretty even. Nowadays, the 35 to 49 age group are hardest hit. In the *first quarter of 2006 for example 36.2% of those being made redundant fell into that group. The run rate for redundancy in the over 50 age group was at its worst in 2004 hitting 28.6% of the total. It is hard to get a fix on how long it takes for people to get a new job, but anecdotal evidence still suggests that it's tough out there, especially for the over 35's. Well, that's why we set up this website to ensure that you are able to pay your bills when you have been made redundant, are and are looking for a new job. *2006 Redundancy Statistics - Source ONS Labour Force Survey. Sainsbury's Bank estimate that on a typical monthly basis, 11.7 million people are saving less in July 2007 than they were three months ago, and even more worryingly 6.8 million people are not saving anything at all.

According to Debt Facts and Figures - Compiled 1st August 2007 by Credit Action Total UK personal debt at the end of June 2007 stood at £1,345bn. This had increased by 10.2% over the previous 12 months, which equates to an increase of £107bn.

During the first quarter of 2007, the number of mortgage possession claims stood at 33,715. This again was over10% higher than the previous quarter in 2006.

With these statistics it's easy to understand the importance of covering your debts particularly as over one in four (27%) have no savings at all - and a further one in four (25%) have less than £3,000 of savings - meaning that the savings pot of more than half of all households in the UK will last less than three months. In addition according to research by Combined Insurance, half the population (52%) could survive financially for just 17 days, should they suffer an unexpected loss of income.

Based on the above statistics then it is clear that the need for some form of income protection has never been greater. However on the down side the main negative point associated with income protection is how much it costs, and how the policy has been sold. The policy (regularly referred to as "payment protection insurance" in this instance) is usually sold alongside a loan or credit card. Most lenders make it sound compulsory, but the fact is that income protection is completely optional. Consequently, it is best to shop around for the best income protection deal independently. Don't assume that just because you are getting a good deal on a loan or credit card, that this company's insurance will also be the best. Take a full overview of the market and always check and double check that you're not paying for anything you don't want.