Only 11% of women hold or are applying for income protection: The Exeter

81% worried about the cost of living

Jaskeet Briah
clock • 2 min read

Research by The Exeter found that women were less likely than men to access insurance products to protect their income if they are unable to work due to an accident or long-term illness.

According to The Exeter's 2023 Health & Financial Fears report which surveyed over 2,000 employed UK adults, only 11% of women held or were applying for an income protection policy in 2023, compared to 16% of men who were doing so. Female respondents were also more likely than men to experience adverse mental health effects due to the cost of living crisis. Eight in 10 women (81%) were worried about the spiralling cost of living, compared to 69% of men (69%). When the added pressures of accessing health services were taken into account, The Exeter found the mental health of 32% of ...

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