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Think Insurance Companies Never Pay Out? Think Again…

In In The Press, Industry News, Insurance, Protection by PCH Staff

There’s long been a myth attached to insurance companies that says they rarely pay out when people really need them. And it’s caused people to be sceptical about taking out insurance policies to say the least. Couple this myth with the fact that many people assume that the state will provide for them if the family breadwinner can no longer …

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Many Small Businesses Ignoring the Risks Associated with the Loss of a Key Person

In Business, In The Press, Industry News, Protection by PCH Staff

Small businesses owners today often find themselves consumed with the day-to-day running of their firms and find very little time to sit back and take stock of other important considerations. And while this kind of focus ultimately makes for a more successful business and happier customers, it also means that they sometimes forget to think about the ‘what ifs’. According …

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Who is Responsible for Your Social Care?

In Family, In The Press, Industry News, Protection by PCH Staff

With the excellent healthcare facilities available across Europe and the advancements in medical technology that are occurring all the time, people are, in general, living a lot longer which highlights the protection gap. By 2037, the number of people in the UK over 75 is expected to double. The UK Commission for Employment and Skills (UKCES) also says that companies …

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Continued NHS Budget Cuts Puts the Need for PMI Firmly In the Spotlight

In Industry News, Protection by PCH Staff

Despite the Chancellor of the Exchequer, George Osborne, announcing £8 billion worth of additional funding for the NHS by 2020, the health service must still make £22 billion in efficiency savings over the same period if it is to close the £30 billion funding gap that has appeared. It’s a situation that might provide some rationale for the healthcare restrictions …

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Protecting Your Income Is Much Safer than Just Relying on Your Savings

In Family, Industry News, Protection by PCH Staff

The latest Family Finance Report from Aviva reveals that while family incomes and savings pots are generally rising across the UK, a widening gap is appearing between the ‘haves’ and ‘have nots’. According to the report, typical family incomes over the last six months have reached their highest point since March 2012. Furthermore, better attitudes and saving habits mean that …

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Parents Risk Financial Security by Overlooking Protection

In Family, In The Press, Insurance, Protection by PCH Staff

According to recently released research, 40% of parents with children under the age of 18 do not have any form of life insurance, or critical illness in place. The research from Sainsbury’s Bank Life Insurance, (provided by Legal & General), further highlights the worrying protection gap that is emerging for families in the UK. If one parent can no longer …

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Don’t Underestimate Your Value When It Comes to Household Tasks

In Family, Industry News, Protection by PCH Staff

A new report has estimated that a father’s contribution to household tasks is a whopping £21,601 per year. However, despite this reality, less than a third (28%) of parents have suitable critical illness insurance in place. The financial implications of a parent becoming ill and unable to work as a result are often highlighted. But what about the impact a …

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Moving Abroad? A Good Time to Review Your Protection Needs

In Family, Individual, Protection by PCH Staff

According to recently released research, approximately 4.4 million holidaymakers suffered injuries while on trips abroad during the last three years and the total cost of all these injuries amounted to more than £1 billion. In fact, over one third (38%) of people who holidayed during that period suffered an injury and for 37.5% the average cost was more than £252 …

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Will the State Support Me If I Am Sick?

In In The Press, Individual, Insurance, Protection by PCH Staff

According to research recently released by ACE Group, there is growing concern amongst the UK population over the potential financial impact of critical illness and, more specifically, whether reduced financial support from the state for those affected will be enough to get by. Over 70% of the 2,500 people surveyed by ACE highlighted that they are worried about the financial …

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More Evidence to Support How Crucial a Financial Backup Plan Is

In Family, Individual, Industry News, Protection by PCH Staff

New figures have revealed a surge in the number of working age men and women suffering from strokes in the UK each year; a reality that adds further weight to the argument for having a financial backup strategy in place. The Stroke Association analysed national hospital admission data spanning 2000 to 2014 and found that the number of strokes affecting …

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Despite Improving Employment Rates, Accident and Sickness Shouldn’t be Forgotten

In In The Press, Industry News, Protection by PCH Staff

Protection industry experts have welcomed the recent fall in UK unemployment rates. But despite the buoyant job market, individuals are still being urged to remember that sudden ill health or disability could put their finances at risk. Official government figures from the Office for National Statistics show that the number of people out of work in the UK in the …

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The Traditional “Breadwinner” Role is Changing

In Family, In The Press, Industry News, Protection by PCH Staff

A recent study has revealed that a quarter of young women now earn more than their partners, but as a result they feel more under pressure and have been urged to think about insuring their finances. The study found that one in five women now generate the majority of their household’s income. In women aged under 24, this figure increased …