Lack of sick pay provision is latest threat to already-stretched UK home owners, warns leading insurer. As the general election looms, confusion over potential mortgage increases and concerns over housing costs are at a high. Leading provider of income protection insurance, PG Mutual Health and Wellbeing, is warning UK home owners not to ignore the threat income loss due to illness or accident poses to keeping up with their mortgage repayments. UK homeowners seem to have faced threat after threat […]

One in two people in the UK will get cancer – could you afford to be one of them?  New figures released this month by Cancer Research UK have revealed that one in two people in the UK will be diagnosed with cancer at some point in their lifetime.* It has been said that longer life expectancies mean more people will be affected by cancer – but leading income protection insurer, PG Mutual, are calling on professional people to consider […]

Income protection insurance specialists, PG Mutual, are delighted to announce yet another year of record results in 2013 – the fifth year in a row in which the Society has seen premium growth. Despite many financial services providers struggling over the past few years, PG Mutual has continued to flourish, with increases in new members, premiums and the Society’s balance sheet. These record results are not just good news for the Society, but also for their members – with an […]

With 4 million people in debt to energy suppliers, and 2.6 million struggling to pay their monthly bills, leading UK insurer asks how households already under financial pressure would cope without their main income Following research released this month by price comparison site, uSwitch, it has been revealed that 4 million households in the UK are in debt to their energy supplier.* This comes in the wake of research by Legal & General, which found that 2.6 million people in […]

With debt problems more prevalent amongst the under 25s, leading insurer, PG Mutual, asks why the majority of young people are still ignoring the importance of insuring their incomes. As a young professional in the UK, it’s not unusual to take out credit in order to finance your lifestyle. From student loans, through to credit cards, car leases and mortgage loans, most people under the age of 25 will have a substantial range of financial obligations. However, it seems that […]

Taking out extra credit has become an increasingly common way to cover the cost of Christmas, but with 4 million people still paying off the cost of Christmas 2012 in November 2013,*** it appears many people are being left with long-term debt – debt that they would struggle to cover should they lose their income unexpectedly due to an illness or injury that forced them onto state sickness pay, which currently stands at just £86.70 per week.^ Leading insurer, PG […]

With over 300,000 employees moving from work to state sickness benefits, and many employers looking to reduce sick pay within the next year, leading not-for-profit insurer PG Mutual warns UK professionals not to ignore the importance of income protection The cost of sick pay to UK businesses has been widely reported on since the start of the recession, with the bill for long-term sickness leave within the private sector estimated at around £3.1bn per year in 2012.* With this in […]

Income protection insurance is frequently in the news these days, often against a background of reduced state or employer benefits when UK workers are ill or have an accident. More of us understand that there is very little in the shape of a state-funded safety net, and that the government now expects individuals to take responsibility for their own financial wellbeing. This raised public awareness is shown by PG Mutual’s figures for the first quarter of 2012, with the number […]