Money’s too tight to mention…

Research by UNUM and Personnel Today, found that just 12% of employers can support their staff for more than a year if they’re off sick from work for a long period of time.

Given the low level of state benefits available, everyone of working age should consider Income Protection (IP). IP is an insurance policy that pays out if you’re unable to work due to injury or illness and will usually pay out until retirement, death or your return to work, although short-term IP policies are now available at a lower cost. IP doesn’t usually pay out if you’re made redundant but will often provide ‘back to work’ help if you’re off sick. But when Which? asked the public, just 9% said they have some form of IP, compared with 41% who have life insurance and 16% who have private medical insurance (PMI).

Too ill or disabled to work?

As research published by insurer Zurich highlights, only one in five of us in t