Income Protection
With Ireland, Portugal and now Greece going through very difficult financial times with as much as 25% of the working population being classed as unemployed. This effect has resulted in the UK bailing out these countries and resulting in a poorer economy for our population. Hence the reason people are now turning to indemnity companies such as Ant Insurance for income protection.
This type of insurance policy has increased dramatically in the previous 2 years in which people are taking more insurance cover against the unexpected things in life. With the threat of double income families being made redundant, families are looking at protecting themselves against this possibility.
Insurance policies are becoming more specific to certain events therefore income protection insurance is solely specific to aid people if they happen to lose their employment with 90 exclusion period being the norm and cover up to 90% of the net monthly salary.