More than half of people do not think income protection is important, a new survey suggests. A further 12 per cent don’t understand the value of an income protection policy, according to research from Shepherds Friendly. This is despite finding fewer than a third of people could rely on their savings if they lost all sources of income, suggesting the vast majority would benefit from a policy paying out a regular sum if they were no longer able to work due to illness or injury. Some four in ten could afford their current lifestyle for up to three months, and 12 per cent would only be able to last a month. Families are even less likely to have a savings buffer, with just 19 per cent of households with children saying they could rely on the money they’ve saved. Some 18 per cent say their finances would last them no more than a month. Visit Money Marketing‘s Protection Zone for more Shepherds Friendly chief executive Ann-Marie O’Dea says: “The consequences of ...
e-Life and Work is an innovative company that provides solutions for businesses and professionals. Our services include job placement, training, and consultancy. We are dedicated to helping our clients achieve success and provide them with the necessary tools and resources to be successful. We are committed to excellence and are constantly looking for ways to improve our services. Contact us today for more information or assistance.