Illness and injury costs over£30bn in wages
www.moneynews.co.uk > General finance > Illness and injury costs over£30bn in wages
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Money News |
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Illness and injury costs over£30bn in wages
Tue 16th Jan 2007
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This figure was reached after almost six million Brits lost out on money following an injury or illness that kept them from working.
Equating to a personal average loss of £5,320, more than a third of these surveyed were found to have had over a week off from work due to an injury or illness and out of this figure, 58 per cent took more than a month off.
Mick James, protection marketing manager at Standard Life Assurance, remarked: "Income protection is a key part of personal financial planning often overlooked by consumers.
"The state will currently pay a maximum of £78.50 through Incapacity Benefit for every week someone is off on long-term sick leave, although other benefits may also be available like housing benefit or a reduction in council tax."
Standard Life offers the Level Protection Plan and Mortgage Protection Plan as part of its life insurance products.
Related News : General finance |
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