Half of those (48%) who made claims have an annual salary of less than £30,000 and two thirds (67%) earn less than £40,000 a year, challenging the misconception that employers only provide Income Protection to top tier staff, Unum has revealed.
The insurer's claims data has shown that women are still under-protected; an issue first highlighted in last year's statement. While women are more likely to go on long-term sick leave, they are far less likely to be covered by Income Protection. More than half of cancer claims (51%) and 44% of all claims were made by women. However, men account for 64% of those covered by group income protection. The statement also demonstrates how older workers benefit from protection. Less than a quarter...
4.5m UK households rent
65% of first £60,000
From PPI to the credit crunch
Powered by AlphaTrust