Income Protection

Unum has urged the government to improve take-up of income protection (IP) through four key steps including channels such as the Money Advice Service (MAS) raising awareness of sickness absence.

Some 60% of construction site workers wrongly believe their employers will pay their salaries and medical benefits in the event of illness or injury. Russ Piper says ignorance is hardly bliss as it could leave them financially vulnerable.

Considering income protection in the context of state benefits is not a one-size‑fits-all affair. Steve Payne investigates.

Jelf Employee Benefits has highlighted that six in seven employees remaining uncovered by group income protection as a concern as absence moves up the political agenda.

Although mortgage brokers claim they have limited time, the Mortgage Market Review is highlighting the growing importance of protection, says Mike Farrell.

The government's work and wellbeing agenda is ‘under major threat' as the ‘Fit Note' is failing to deliver on getting people back to work while long-term absence rates have increased; a study has warned.

The Income Protection Task Force (IPTF) has launched ‘Seven Families', an industry initiative aiming to show income protection (IP) and its benefits at work to the wider public.

Credit waiver experts have rebutted accusations that credit waiver products have restrictive payment exclusion periods and no unemployment cover, while announcing an imminent launch with the first mortgage lender to offer an integral waiver feature.

The benefits of group risk products are not widely recognised by HR professionals, Canada Life Group Insurance has suggested.

Almost half (45%) of UK employers considered stress and mental illness a major cause of long-term employee absence; according to research.