Less than one quarter (24%) of employers offer income protection (IP) to their workforce, according to data by Gallagher.
The global insurance and risk management consultancy analysed around 65,000 UK employees at 25 companies on its employee benefits platform, Gallagher Guide. Gallagher said that as UK employees age, their benefit selections move from lifestyle focused offerings to protection and health-focused benefits in later life. According to the consultancy, there is a gap between what employees want from their benefits packages and what is offered by employers. Demand for IP tripled from 4% among employees aged between 20-29 to 12% among employees aged between 50-59. Across all age groups, ...
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.




