Consumers value protection policies over luxuries and entertainment: MetLife UK

‘Adults have no plans to stop paying for their policies’

Hemma Visavadia
clock • 2 min read
Consumers value protection policies over luxuries and entertainment: MetLife UK

Income/individual protection has been ranked as the commodity people in the UK are least likely to give up due to increasing cost of living.

According to a recent survey of 3,000 UK consumers carried out in March, only 4% of respondents would sacrifice their income/individual protection, while 5% said they would give up their life insurance or private health insurance commitments if forced to make cutbacks. In comparison, 40% of respondents said they would give up everyday perks such as eating our or buying coffees, while 37% are prepared to forgo "luxury items" such as household goods or furnishings and just over one quarter (28%)...

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