Life is unpredictable. The people who make income protection insurance claims are just like you: Surgeons, solicitors, vets, surveyors, business executives, plumbers, electricians, jewellery designers, web designers..really anyone. Claimants come from all walks of life and most would tell you they’d never had a day off work through sickness until the unthinkable happened.

An analysis of income protection providers’ claims demonstrates anyone can lose their income. It doesn’t matter how old you are, your occupation or gender. Behind each claim is a story about someone whose condition left them unable to work or run their business but who didn’t face hardship thanks to their income protection cover.

On average claimants are probably younger than you would predict and the length of incapacity longer. You may be shocked to know a sizable number of claims come from people in their 30s and 40s. In fact when provider LV looked at their claimants for 2011 they found the youngest was only 22 and the average age of claimants was 46 for men and 42 for women! Claims tend to last for years rather than months because there’s no limit to the length of cover, subject to retirement.

And the causes of claims are as varied as the individual: Heart attacks, arthritis, depression, car accidents, MS, numerous’s a very long list. There’s no predicting what will happen to any of us although as individuals we think bad things happen to other people.

So let’s deal with real life. According to LVs 2011 data 3 types of condition accounted for about 60% of claims: a third of claims were due to mental illness, 19% due to musculo-skeletal disorders  and 13% due to cancers. And behind the statistics are real people, just like you.

These claimants were spared hardship because they had the foresight to take out an income protection insurance policy.  Claims under a LV or DG Mutual Policy will be paid out to retirement. That means claims can be paid out for 10 or even 20 years, depending on your circumstances.

Finally, there is one other important consideration. Income protection claims are nearly always successful. The same can’t be said of other types of policy.