Life Insurance Search

A fifth of employees in the UK are unaware of how much they are entitled to under the Welfare Reform Act, should they find themselves out of work for a significant period of time, a sector organisation has discovered.

Financial firm LV= claims that people believe that the legislation does not affect them and recommends they brush up on their knowledge and become aware of what monetary help is available.

Commenting on the findings, a spokesperson for the group says that while many workers are unsure of the Welform Reform Act changes, they are also "unaware or not sure of what benefits they would receive from their employer, if they were off work for a long period of time for sickness or injury".

However, a life insurance policy could financially help those who have been diagnosed with a serious medical condition and are unable to bring in an income.

According to the Department for Work and Pensions, Employment and Support Allowance enables those with an illness or disability preventing them from working to get increased monetary support.

Indeed, critical illness cover could further provide extra cash for households should the worst happen to a poorly family member.