A&L warns over income loss
Sponsored Listings
Houses at Discounted Prices. Build Your Successful Property Portfolio.
www.yourpropertyfuture.net
Alliance & Leicester has produced a guide to protecting family finances should the primary breadwinner become unable to work.
A recent survey from the bank suggested that 56 per cent of British workers would be unable to cope financially in the event of sickness, unemployment or an accident putting an end to their earning.The survey also revealed that one fifth of British workers have no insurance or savings to fall back on should they be unable to earn. In comparison only seven per cent claimed to have an income protection policy sufficient to cover the loss of their income.
Stephen Leonard, director of mortgage, savings & investment products at Alliance & Leicester, commented: "Most of us prefer to think that ‘it will never happen to me’ but after losing a job suddenly, suffering a bad fall or becoming ill long-term, most of us would struggle to cover the cost of our regular monthly commitments.
"It is imperative that people plan for such eventualities and this guide sets out the options available to protect yourself and your loved ones should disaster strike."
© Copyright
Sponsored Listings
Welcome to Investments.co.uk. You have worked hard for your money. ... One to four year investments also available with rates between 3.10% and 4.15% AER. ...
www.investments.co.uk
Halifax investments offer a wide range of options for investing your money and financial advice. Apply online now
www.halifax.co.uk
Get ISA unit trust OEICs, a stocks and shares Isa or a Protected Equity Bond from Nationwide Investments. Want to make your savings go further? Learn about fixed ...
www.nationwide.co.uk
Related Articles
- Norwich Union to help curb accidents at work - 15th August, 2005
Norwich Union has announced that it has helped to produce a health and safety guide for those in the agriculture business.
... - AA Insurance branches out to cover life - 27th September, 2005
The AA will offer both individual and joint life policies, with waiver of premium available, when it moves into the life insurance field on Saturday October 1st.
The firm already provides car, home and travel insurance and it will make this product available on its website... - Standard life windfall could be delayed - 11th October, 2005
The life insurance company Standard Life needs to sort out its differences with the Financial Services Authority (FSA) if it is to float on the stock market as planned.
There is a dispute about the way the Edinburgh firm has dealt with endowment policies and if its 2.5 million members are hoping things can be sorted out so they can receive cash or free shares... - Health insurance premiums way above inflation - 12th October, 2005
The average private medical insurance (PMI) premium has increased by a huge 37 per cent since 1999, according to research from PruHealth.
This figure is more than three times the amount of the Retail Price Index inflation, 12 per cent, over the same period... - Families need more than just life insurance for protection - 10th October, 2005
Many parents with dependent children are risking their family's future by not adding to their life insurance, according to a recent survey.
The research from Yorkshire Building Society (YBS) shows that over 70 per cent of parents with children who entirely rely on them financially do not have income protection, only 23 per cent do, and critical illness cover, just 27 per cent... - ASDA launches new life plan - 14th September, 2005
ASDA and engage Mutual Assurance have announced that they are to launch an over 50's life cover plan.
According to engage the scheme will offer UK residents aged between 50 and 75 life cover with fixed premiums from £7 per month... - L&G to get workers active - 24th August, 2005
Legal & General life insurance has announced that is launching a new campaign with the British Heart Foundation to encourage UK businesses to get their workforce more active....
- Saga extends health cover - 23rd September, 2005
Saga Insurance has extended its health policies to cover dental treatment up to £190 and physiotherapy and osteopathy up to £400.
The changes come as a response to customer demand for better cover for everyday treatments and come under the branding Cash Plan level three. According to a statement from the firm it completes Saga's of Health Cash Plans, offering products to suit a range of budgets and requirements... - Brits worryingly uncovered - 5th August, 2005
Most British parents are not providing their families with enough long-term financial stability, according to a new survey by Scottish Widows.
The study revealed that more than one in three parents have no form of life insurance, meaning that should one of these parents pass away suddenly, their family would be left with a potentially severe financial problem... - Insurance industry puts forward plans to enhance customer service - 27th September, 2005
New developments to improve how insurers deal with customers are currently being formed by the Association of British Insurers (ABI).
The ABI is set to take further steps forward after a review of the Raising Standards Quality Mark Scheme found that more work needed to be done in the customer service area...