Research from Scottish Widows shows fewer people buying protection even though they know savings are insufficient to cope in event of lost income.
Scottish Widows has revealed it is examining the possibility of re-entering the IFA protection market.
Almost two-thirds (63%) of small, family-run businesses would not survive the loss of a key member of staff, according to Scottish Widows.
British bosses are more likely to protect their office equipment than their key staff, according to new research.
Nearly half of all Britons are neglecting their health and fitness, research has found.
Income protection (IP) sales have continued to slide despite an overall rise in the volume of term assurance products sold, according to Swiss Re.
Brits are twice more likely to insure their pets or mobile phones than their income, according to research.
A third (33%) of UK households could not cope financially if they lost their main income yet only 7% of the population has income protection (IP), according to research.
One of the most commonly cited reasons for poor protection sales is that most of the country is unaware of the availability of these products and what support they can provide.
More than half of UK adults hold no life insurance despite being highly aware of the importance of having it and other protection products, according to research.