One in four Irish workers worries regularly about loss of earnings due to illness or injury.
Being unable to work and provide for their families due to illness, injury or death is a significant worry for Irish workers. Over a third worry about it at least once a month, while 13% said it was on their minds on a daily basis. Despite this anxiety, we are more likely to insure our pets and our gadgets than we are to insure our ability to earn a living. That’s according to research recently carried out by Red C on behalf of Aviva.
To read the results via Avivas website click here:
Asked how they would manage in the event of being unable to work due to illness, injury, or death the vast majority (62%) said they would rely on social welfare. Yet half of all respondents had no idea how much they would be entitled to if they were unable to work and only 17% could quote the exact amount of the state disability benefit, which currently stands at €230.31 a week. One in four said they would rely on their savings in the event of ill-health: the survey found that average annual household savings amount to under €6,000.
This is very frightening to read, as it indicates that many people are financially vulnerable and solutions are needed. We all work hard, it would be a shame to see ones life savings and dreams of the future wiped out or postponed for a very long period.
Call us now on 0872430229 if this concerns you as solutions are not often as expensive as you think and in some cases are tax allowable.