Do you need income protection insurance?

Some of these worrying statistics about unemployment and disability in the UK may help you decide:

• 90 families have their home repossessed everyday. The majority of which are caused by the financial hardship caused of unemployment.
• One Fifth (3.8 million people) of all working age households have someone who is currently out of work.
• 500 people loose their job everyday through redundancy. Almost 70% of unemployed men and 50% of unemployed women will be out of work for over 6 months.
• 33% of 26-37 year olds have experienced unemployment for a period of over two months.
• Every day 3,000 people will attempt to claim State Disability Benefits.
• Almost 3 million people are disabled and have been unable to work for 12 months or more.

Source: Department of Work and Pensions, 2003.