Women less likely to have protection in place and more vulnerable to income shocks

Women less likely to have protection in place for income shocks

Women are more financially vulnerable to income shocks and are less likely to have protection, a survey says.

Female mortgage holders more likely to struggle after income loss, research reveals

Women with mortgages are more likely than men to struggle if their income stops, research from LifeSearch and HomeOwners Alliance found.  14% of women said they would fall behind on payments straight away if they lost their income due to illness or injury, compared to 6% of men.  After two months, 27% of women said they would be in difficulty, compared to 14% of men.  At the six-month mark, over half of women (51%) would be struggling, compared …

Women less likely to have protection in place and more vulnerable to income shocks

The post Women less likely to have protection in place and more vulnerable to income shocks appeared first on Mortgage Solutions.

62% of income protection claimants returned to work within 3 months of receiving support via a RedArc pilot - IFA Magazine

RedArc, the nurse-led support organisation, has successfully completed a new return-to-work pilot, achieving significant results in helping individual income protection (IP) policyholders return back into the workforce following illness or injury. Nearly two-thirds (62%) of cases involved in the trial returned to work within three months of receiving support from RedArc, and this increased to 79% for those who were in claim for less than three m…