Income Protection - What is it and why do we need it?
An Income Protection Insurance Policy pays you a tax-free monthly income during periods when you are unable to work due to long-term sickness, accident or injury. Read through the Jump Life Insurance article to help you decide what insurance policy to take out.
Income Protection Statistics
The State will not pay your mortgage in any case if you have over £8,000 in savings, and the mortgage was taken out after 1 October 1995 Source: Redmayne Consulting, 04.2003
The maximum State Disability Living Allowance is only £97.15 per week Source: Redmayne Consulting, 04.2003
Four million people in the UK are currently claiming income support Source: Office of National Statistics
Stress leads to a million claims for disability Source: Financial Times, 03.2004
People are 19 times more likely to be off work for more than six months due to illness or injury than they are to die before the age of 65 Source: Department for Work and Pensions
Jump Money is a specialist in Income Protection and is happy to answer any questions you may have related to Income Protection, life assurance, term insurance, mortgage protection, critical illness and life cover. The company will strive to fit an insurance package to the exact criteria you need in order to help you avoid buying products you do not need as well as helping you fully understand your purchase. To find out more about how Jump Money can help you protect yourself and your belongings call now on 0844 4170894 or fill in an online quote form today.