How IP is poised to protect the rental market

New lease of life?

Adam Saville
clock • 7 min read

Adam Saville explores how advisers, with help of providers, are approaching the rental market

Last year, a survey from Sainsbury's Bank revealed that only a quarter of renters (26%) are likely to have life insurance or critical illness cover (CI), compared to almost half of homeowners. Bearing in mind that income protection (IP) sales still make up less than 50% of CI sales, we expect the figure for renters covered by IP to be significantly less than a quarter. In fact, recent research by Hymans Robertson suggested that only 18% of UK renters believed they had some form of IP in place - even that figure, to us, feels a tad optimistic. The lack of financial protection on risk for renters...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Pivotal Growth acquires two protection and mortgage brokers

Pivotal Growth acquires two protection and mortgage brokers

Bolt-on acquisitions

Jaskeet Briah
clock 28 August 2025 • 2 min read
Pivotal Growth appoints group CEO

Pivotal Growth appoints group CEO

Mayank Prakash CBE takes the role

Jaskeet Briah
clock 26 August 2025 • 2 min read
Reassured promotes Beth Whelan to chief strategy and data officer

Reassured promotes Beth Whelan to chief strategy and data officer

Formerly data and transformation director

Jaskeet Briah
clock 20 August 2025 • 1 min read