You may be confused by detailed government talk of
restructuring benefits. Actually it is quite simple; fewer people off work due
to illness or injury will get government support, and even many of those that
get benefits will do so for a much shorter time.
From 30 April, the government will limit the period for
which Employment and Support Allowance (ESA) can be paid.
These changes will:
- Limit the amount of time workers can receive Employment
Support Allowance to 365 days
- Prevent any new claims for many people under 20
ESA is the nearest state benefit to income protection
insurance as it provides financial help to people who are unable to work
because of illness or injury.
There are many related changes that are confused by
gobbledegook; but simple translation means fewer people will get government
handouts, often for shorter times, and often for smaller amounts.
The need for individuals to take out insurance protection has never been
greater, but many insurers offering this insurance seem asleep at the wheel on
the need to get the message through to customers.
Income protection insurance news: 22 April 2012