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

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%) would give up entertainment subscriptions like Netflix.  At the other end of the scale, alon...

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

NHS waiting list rises to 7.4m patients in July 2025

NHS waiting list rises to 7.4m patients in July 2025

Levels rebound from a two-year low

Jaskeet Briah
clock 11 September 2025 • 2 min read
A coffee a day keeps the doctor away

A coffee a day keeps the doctor away

The benefit of everyday benefits

Cameron Roberts
clock 11 September 2025 • 5 min read
Recognising World Suicide Prevention Day

Recognising World Suicide Prevention Day

Changing the Narrative

Cameron Roberts
clock 10 September 2025 • 3 min read