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PG Mutual members up by 55pc

The number of new members at PG Mutual increased by 55% between January and March compared to last year, the income protection provider announced.

Yuan Phoon, 27 April, 2012

The friendly society attributed the increase to a raised public awareness pushed by an increased frequency in income protection news.

Mike Perry, chief executive of PG Mutual, said: "People know that if their income stops the bills keep on coming, which raises the question ‘how do I pay them?'.

"At a time when the state is cutting back it is important that all healthcare professionals make sure their income is protected if they fall ill or have an accident. Ask yourself or your employer how much would I receive and for how long?

"If you are employed the state would provide £71.00 a week which will hardly protect most current lifestyles."

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