A report commissioned by Aviva Life & Pensions Ireland (Aviva), highlights the potential financial impact of being unable to work for an extended period.
Key findings:
- More than half (55%) of workers would experience financial pressure immediately or within three months if their income stopped
- 89% would be worried about their finances if unable to work for more than six months due to illness or injury
- 72% have less than four months of essential living expenses saved
- 60% would not feel financially prepared once employer sick pay or income support ends
- 64% do not have income protection insurance
Please click on link ‘The 7-Year Shock’ Aviva