Income Protection - UK - March 2019
“The income protection market has experienced decent levels of growth over the last three years. However, for the product to become more widely accessible, providers need to move away from relying upon the housing market and target different customers such as renters or the self-employed. The government is working to improve awareness of employers’ sickness policies, and if providers can simultaneously highlight people’s vulnerability to a period of time off work, income protection sales could increase.”
– Douglas Kitchen, Financial Services Analyst
This report will cover the following areas:
- Expand the reach of income protection to increase ownership
- Educate consumers on the dangers of relying on an employer’s sickness policy
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