Income Protection - a back-up plan
With a monthly wage, and some savings for a rainy day, most of us manage to get by. But what if you were to become sick or injured, and had to stay off work for more than six months? This is where where Income Protection comes in.
- See what the Mumsnetters think
- Income Protection - find out more
- Facebook apps
- How long will your employer pay you if you're off work through illness or injury?
We asked Mumsnetters about their finances, and how they think they'd cope in the event of an unexpected illness or injury.
Plus, see how see how Mumsnetters got on when we asked them to try to live on Statutory Sick Pay - £85 a week. Read the thread.
How long would you be able to stay afloat financially if you were off sick? If you're not sure, it's worth finding out about Income Protection. Having an Income Protection policy means that if you can't work for a long period of time due to illness or injury, a significant amount of your monthly income will be replaced so you won't be left high and dry financially. And with 11% of people having to take off six months or longer during their working life, it's well worth looking into.
Unum is a leading provider of Income Protection in the UK, and they want to get people thinking about what they'd do if they needed a back-up plan. So read on to find out everything thing you need to know about Income Protection with Unum's videos, guides and Facebook apps.
What is Income Protection?
Income Protection provides a replacement, regular income if you find yourself unable to work due to a long-term illness or injury.
Why do I need Income Protection?
An Income Protection policy is a great back-up plan, because it protects the one thing that pays for everything else in your life: your income.
How do I get Income Protection?
The easiest way to get Income Protection is to ask your employer.
Penny jar calculator
Do you know how long you could survive without an income? Input your details into this helpful Penny Jar Calculator, and it'll give you a rough idea of just how long it would take before your savings run out.
How much is your benefits package actually worth? The Perkulator will show you the value of those extra perks by getting you to input your salary, bonus and clicking on any of the benefits you receive at work.
Last updated: over 3 years ago