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Protect your income against illness or injury as purse strings tighten for many

Studies throughout 2012 have revealed an increasing need for Britons to take out some kind of income protection insurance, in order to provide them with a financial safety net should they be unable to work due to illness or injury.

It has been revealed that for a third of adults in the UK, the reality is they either spend more than their salary each month or simply just manage to break even. Around 5 million people spend more than their monthly salary on a regular basis, while a further 11 million people across the UK only just manage to match their earnings with their outgoings, meaning there is nothing left over at the end of the month.

This means that for many putting away savings each month for a rainy day is becoming harder, and this could have a profound effect on them and their families if their income is lost due to illness or injury. And while those who are employed may receive sickness benefits for a short while, self employed workers will have to rely on savings to get by.

Sickness or injury can strike at any time, and often cannot be adequately prepared for.

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