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LV= comments on unemployment rate

Press release: 23/02/2015

Official figures show that the UK's unemployment rate fell by 97,000 to 1.86 million in the three months to December 2014.

Myles Rix, Managing Director of Protection at LV= commented:

“The fall in the rate of unemployment is positive news for both workers and the UK economy but many people would struggle to make ends meet if redundancy or illness prevented them from working. Unfortunately, some of us will be off work for a prolonged period of time at some point in our working life and would benefit from a back-up plan such as income protection, and the peace of mind it offers.

“Regardless of whether someone has a family or owns their home, income protection provides working people with a valuable financial safeguard which enables them to meet their monthly commitments, should the unexpected happen.”