Steve Bryan: How to make Income Protection accessible to a wider audience

'There is still so much to be done to make sure people are protected'

clock • 4 min read

The Exeter's Steve Bryan takes a look at how insurers and advisers can make income protection more accessible and understood

If the last 16 months have taught us anything, it's that the nation is unprepared for sudden financial shocks. Millions of borrowers across the UK have taken advantage of financial support since the start of the pandemic. Over 2.6 million mortgage payment deferrals were granted between March 2020 and March 2021[1], and with the government's furlough scheme representing the largest income protection (IP) scheme the country has ever seen, the fragility of people's finances is clear to see. According to research from The Exeter, 70% of working adults in the UK say Covid-19 has made incom...

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 Income Protection

Cirencester Friendly joins ABI

Cirencester Friendly joins ABI

IP awareness

Cameron Roberts
clock 24 April 2024 • 1 min read
Stonebridge adds new Homeowners Income Protection to offering

Stonebridge adds new Homeowners Income Protection to offering

Partnership with Wessex Group

Jaskeet Briah
clock 16 April 2024 • 2 min read
Dentists' Provident releases annual report

Dentists' Provident releases annual report

£5.2m paid in sickness claims

Cameron Roberts
clock 12 April 2024 • 1 min read