Three quarters of renters have never used a financial adviser

LV= research shows

Jaskeet Briah
clock • 3 min read

Three quarters (75%) of renters have never used a financial adviser and 45% have been worried about their ability to meet financial goals if they were to suffer a major health problem or serious injury, LV= has found.

According to the second LV= Reaching Resilience report, which surveyed 4,000 UK adults, 31% of workers said the effects of potentially experiencing a major health problem or serious injury would have a large impact on their ability to pay their mortgage or rent payments. One third (33%) would not feel confident about being able to cope financially with being diagnosed with a critical illness. Over half (54%) of workers would feel more financially resilient if they had insurance that would cover their monthly outgoings if they could not work. Overall, 52% of working couples would ne...

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