What does this mean?
This number shows, out of 100 people like you (of your age, gender and smoker status) how many may be unable to work for 1 month or more before they retire, because of an illness or injury that stops them from working.
How will this impact you?
Unless you have significant savings, you're likely to feel the impact of lost earnings very quickly. The latest Legal & General Deadline to Breadline research reveals UK employees could be on the breadline in just 24 days.
Many of us 'rent' our current lifestyle, paying for it each month through our earnings. If that regular salary was taken away, it may not just be your home you lose, but your entire lifestyle.
What can you do about it?
You may be entitled to sick pay through your employer which can really help you and your family cope financially through the early stages of being unable to work.
There are also some state benefits that you may be able to claim if you become long term sick or disabled and unable to work. However, state benefits are unlikely to cover all your outgoings, especially if you have a family to provide for. One alternative is to take out a form of insurance called Income Protection. This is designed to pay out a monthly amount if you are unable to work due to illness or injury that results in a loss of earnings while you are covered by the plan. Speak to your financial adviser for more details.
What does this mean?
This number shows, out of 100 couples like you, (of your age, gender and smoker status) how many may be unable to work for 1 month or more before they retire because of an illness or injury that stops them from working.
How will this impact you?
Unless you have significant savings, you’re likely to feel the impact of lost earnings very quickly. Legal & General’s latest research reveals UK employees could be on the breadline in just 24 days.
Many of us ‘rent’ our current lifestyle, paying for it each month through our earnings. If that regular salary was taken away, it may not just be your home you lose, but your entire lifestyle.
What can you do about it?
You may be entitled to sick pay through your employer which can really help you and your family cope financially through the early stages of being unable to work.
There are also some state benefits that you may be able to claim if you become long term sick or disabled and unable to work. However, state benefits are unlikely to cover all your outgoings, especially if you have a family to provide for. One alternative is to take out a form of insurance called Income Protection. This is designed to pay out a monthly amount if you are unable to work due to illness or injury that results in a loss of earnings while you are covered by the plan. Speak to your financial adviser for more details.