48% of Brits do not trust insurers to pay claims

Almost half of Britons cite a lack of trust as a reason for not taking out protection policies and 53% would prefer to rely on savings, research by Protection Review's The Syndicate has revealed. Price is a key barrier to protection, with 61% suggesting that products are too expensive, while 55% said they do not like paying for a product that might not be needed, which suggests that people are likely to be attracted by the more tangible benefits of counselling, rehabilitation and access to remote GPs going forward. According to the report - which surveyed 1000 protection policyholders...