The UK is falling behind the rest of the world it terms of income protection taken out. It is falling behind in both the amount of people who have protection and those who would even consider taking it out.
The countries that took part in the survey were:
- Hong Kong
Here at Finance Advice Centre we believe that income protection is one of the most important insurances you can take out. It could happen to anyone so if it were to happen to you then you want to ensure that you are covered. This way if anything were to happen that would effect your income then it would not effect your lifestyle and you could continue to live the same way.
The main reason people do not want to take it out is the price. It is believed that income protection is expensive but you can get income protection from as little as £10 a month depending on various factors such as age, smoker status and amount of cover needed. Call one of our advisors today to find out more about getting you covered.
The list of countries is from: https://www.corporate-adviser.com/britons-second-last-ip-league-table