It seems British people really are more likely to buy pet insurance than income protection. This is just one of the findings revealed in a major new survey carried out by Cirencester Friendly and featured exclusively in the Mail on Sunday.

The survey showed that many people were resolutely optimistic or even idealistic about maintaining their finances. However, this wasn’t always matched by having adequate provision in the event of being absent from work due to illness or injury for long periods.

Of the people questioned, almost 40% said they didn’t have any contractual sick pay written into their employment contract and only 11.7% thought they’d be unable to work for 12 weeks or more due to illness or injury.

2 out of 5 people think long term income protection taken out at age 30 would only pay out for 5 years or less.  However, our income protection will pay out until your client is able to return to work or reaches retirement.

Only 11.7% of people think it’s likely they will be unable to work for 12 weeks or more due to sickness or accident.  One of our Members, Wayne Jeens, was unable to return to work for two and a half years. However, he said Cirencester Friendly was “…outstanding during that terrible time”.

71% of people would lose up to £300 of their weekly income if they had to rely on Statutory Sick Pay alone. From day one of an illness or injury, our income protection could cover up to 65% of your client’s gross income.

All in all, it’s a valuable insight into what people think about their financial futures and income protection. It’s why we’ve created an infographic with the key findings – it’s a great way to start your clients thinking about their own future. Download it here.
For more information download our ‘Optimistic or idealistic’ infogaphic or contact our Sales Team on 0800 587 5098 option 2 or email sales@cirencester-friendly.co.uk