'Dramatic' spike in under-25 IP enquiries

During March 2020

Adam Saville
clock
'Dramatic' spike in under-25 IP enquiries

Average age of those seeking income protection (IP) drops during COVID-19 outbreak

IP enquiries via the ActiveQuote site from those under 25 rose by more than 400%, by more than 300% from those under 30 and by more than 250% for under 35s in March 2020, compared to the same time last year. The protection broker and comparison service also saw the number of enquiries from customers aged 20 and under rise five-fold during the same period. Overall, customers enquiring about IP via the protection comparison site were two years younger on average in March 2020 than they were in...

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