Unum has launched a unique Penny Jar app, enabling users to see how long they could survive financially, if unable to work due to illness or injury.
It uses average benefits; expense figures and a few key personal facts and figures to provide a rough calculation of how long people would be able to stay afloat financially if they lost their income.
9 out of 10 people do not have a back-up plan to support themselves, if they lost their income due to illness or injury. Unum has set itself the challenge to make Income Protection interesting and accessible to UK workers in a positive way, in order to raise awareness of the protection gap.
Unum has also created A Musical Tribute app that allows users to take the things and people they like and bring them together to create a fun personalised music video. To use the app, consumers must first choose a genre of music they like and then pick out the things they love: their closest friends and their interests and hobbies. These come together to generate a personalised music video, celebrating what is important to them.
Unum research reveals that despite the importance of protection many consumers find it a complicated topic to understand, so disengage.