Friday 28 June 2013

Income Protection makes you think

Work base benefits according " to a new report commissioned by Unum , today’s employees are more likely to fall into financial difficulty than they were 30 years ago. The report suggests that this is partly owing to the fact that employee benefits – designed to provide financial protection – have failed to keep pace with the changing UK workforce which is now more feminised, older and includes more disabled and long-term ill."

I was encouraged to ask my HR department about my employee benefits and these are quite comprehensive ranging from sickness benefits, death in service benefits maternity benefits and so forth. But because many a local authority is in a state of flux due to the introduction of "Single status" in the work place I don't think that anyone wants to commit themselves as to if these benefits will change.

The working benefits are on a sliding scale depending how long you are off for, and being a local authority are quite generous as far as I gather there is no income protection other than the statutory right.

Working part time I am afforded the same benefits and rights as full times workers as my salary is on a pro rota scale.

I have to say the whole experience has left me feeling a little vague if I am honest and I think independent income protection is something I would look into again this is cost dependant. Unum have worked with Mumsnet on a income protection survey.

Disclosure ( I was not told what to write about all my view are completely my on , I am being send a voucher for writing about this ) 

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