More than 35 million UK people lack financial safety net - Aegon

More than 35 million people in the UK have no form of financial protection in the event of unemployment or economic downturn, with nearly half (45%) being forced to rely on their savings if the main earner was unable to work for six months or more. A study by Aegon into the proliferation of financial protection in the UK has found that nearly three-quarters of people are leaving themselves exposed to serious financial risk in the absence of any form of income protection or critical illness cover (CIC), with one in ten in a positon where they would be completely unable to cope should they...