The facts speak for themselves

Unemployment

  • 1,841 people reported they had become redundant every day during 3 months to the end of January 2010 (www.creditaction.org.uk, April 2010)
  • Unfortunately this is unlikely to improve - as the Bank of England has forecasted 3.2m people will be unemployed in 2010

Loss of income

  • 91% of cancer patients found that their household suffered a loss of income and or increased costs as a result of their cancer diagnosis (www.mcmillan.org.uk, June 2008)
  • 60% of people would not be able to support themselves financially if they were unable to work for over a year. (Mintel protection insurance report, January 2009)

Protection

Often people don't think they need protection, as they are young and healthy... and these statistics show this to be the case...

  • Almost 39% of couples insure their pets rather than their health (www.tickbox.net, July 2008)
  • Almost 50% more single people insure their mobile phones rather than their health (www.tickbox.net, July 2008)
  • 55% of adults don't even have the most basic form of protection (www.tickbox.net, July 2008)

Savings

  • The savings of more than half of all UK households will last less than 3 months if sickness prevents them from working (www.creditaction.org.uk, May 2008)
  • 69% of Britons have needed a cash injection to cover an unforeseen expense in the last 10 years. (www.creditaction.org.uk, August 2008)
  • The number of people over the state pension age in work continues to rise - with an increase of 14,000 in the three months to the end of January to 1.42 million (www.creditaction.org.uk, April 2010)

Home

  • 126 properties were repossessed each day during 2009 (www.creditaction.org.uk, April 2010)
  • Shelter estimate that more than one million householders have used credit cards to pay their mortgage or rent in the last 12 months (www.creditaction.org.uk, April 2010)

We all spend money needlessly on everyday goods and luxury items, and by going without just a few, could mean you could adequately afford protection insurance.

Who else would you rely on?

Many people think they could rely on money from their employer, their family or the state.

Sick pay from your employer might help, but might only last a few weeks. The state provides Statutory Sick Pay and Employment and Support Allowance, but is this enough? Have a look at the table below to see how much you could get. You'll be surpised at how little this is.

Speak to a protection experts today.

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