Cost main barrier for customers buying protection

Royal London's second State of the Protection Nation report has revealed that 69% of people think premiums are too expensive, while 49% of advisers believe customer inertia is one of the greatest barriers to people buying protection. Nearly half (46%) felt they were unlikely to go on sick leave for three months or more, 44% thought they were unlikely to have a major accident and 34% felt it was unlikely they would contract a serious health condition or illness. Meanwhile, research from Pacific Life Re (March 2018) shows that the chance of being off work for two months or more before a...