What would happen to your family finances if you needed to take time off work unexpectedly? For many, the sudden loss of income as a result of unexpected events can have a serious impact on their lifestyle. Some new research has found that more than half of UK adults have experienced unplanned time off work due to sickness, injury or other factors out of their control – but had no financial provision in place in case it happened again. In its latest Cost of Resilience Report, Zurich UK found that 53% of UK adults find themselves in this undesirable position.
How would you cover your costs if you lost your income?
This 506 word blog post examines new research into financial resilience, including the frequency of suddenly and unexpectedly losing an income due to sickness or injury. Written on 19th September 2018.