Homebuyers offered lifeline to help protect income
06 June 2011
Connells estate agency is today launching Income Protection Benefit which can be used to help homeowners should they be unable to work due to illness or injury that results in loss of earnings.
Based on Connells’ experience, many homeowners expect the State to replace their income if long-term ill-health stops them working. But with Employment & Support Allowance currently paying a maximum of just £99.85 per week for those who qualify, many would find it impossible to make ends meet.
“This new Income Protection Benefit provides a monthly payment up to age 70 or until you are able to return to work if sooner, for those who are unable to work due to long-term ill-health,” says Liz Brown, Regional Managing Director for Connells.
“Income Protection Benefit provides added peace of mind that if a person is unable to work for a period of time due to illness or injury, they could have a monthly payment which could be used to help with their living expenses – without having to rely on State benefits, for which customers may not be eligible anyway,” Liz continues.
The Connells plan is provided by leading insurer, Legal & General, the UK’s number one protection provider, based on new individual protection sales in 2009*.
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For further information and photography, please contact the press office on 01525 215419 or email Julia Brook, Group PR Manager: Julia.firstname.lastname@example.org or Christine Webb, Group PR Executive: Christine.email@example.com
Notes to editors
Income Protection Benefit is available to individuals aged 18-59 at outset and is subject to underwriting acceptance. As with all insurance policies limitations and exclusions apply.
The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other people to make financial decisions.
*Swiss Re Term & Health Watch report, 2010.
About the Connells Group:
Founded in 1936 and comprising 470 branches nationwide, the industry-leading Connells Group is the third largest and most profitable UK estate agency network. In addition to operating under the Connells brand, the Group trades under other well-known local names including Allen & Harris, Bagshaws Residential, Barnard Marcus, Brown & Merry, Fox & Sons, Jones & Chapman, Manners & Harrison, Roger Platt, Shipways, Swetenhams, William H Brown, Sharman Quinney and Pattison Lane. As well as residential property sales and lettings, the Group has a comprehensive range of B2C and B2B services including new homes, mortgage services, conveyancing, EPCs, surveying, corporate lettings, asset management, land & planning, LPA receivers, auctions and relocations. The Connells Group is consistently named Best Large Estate Agency at the Estate Agency of the Year awards, winning the top prize for five of the past seven years. It is also highly acclaimed in the New Homes category, winning Gold five times in the last seven years, and in the Financial Services category for which it currently holds the Gold prize for the second consecutive year. For more information, please visit www.connells.co.uk