Homeowners wait for 'drastic change' before considering protection

MetLife survey shows

John Brazier
clock • 2 min read

Illness or a loss of employment cited as main reasons to seek out protection cover according to homeowners in MetLife survey

New research from MetLife UK has found that existing and aspiring homeowners do not consider taking out protection unless they experience a "drastic change" in circumstances. A survey carried by Censuswide among a UK representative sample of 2,000 homeowners, or those currently purchasing a property, in February this year found that it would take falling ill (31%), a change in employment status (25%) or having an accident (24%) before they'd consider purchasing protection to support with mortgage repayments. While ‘lifestyle events', such as having children (16%) or getting married (6...

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 Individual Protection

Females hit harder on mortgage payments: LifeSearch

Females hit harder on mortgage payments: LifeSearch

Around 55% had protection cover

Jaskeet Briah
clock 08 July 2025 • 2 min read
Young workers desire protection against job loss to AI

Young workers desire protection against job loss to AI

Gen Z most likely to purchase this cover

Jaskeet Briah
clock 04 July 2025 • 1 min read
Parents at financial risk due to childcare

Parents at financial risk due to childcare

MetLife research findings

Jaskeet Briah
clock 01 July 2025 • 1 min read