Left in the dark

In 2003, Munich Re carried out consumer research which suggested 19% of the working population believed they had income protection (IP) cover. Of workers asked how they would get by if they were unable to work for a year, 30% said they would turn to a spouse or partner, 18% would rely on State handouts, 14% believed their employer would provide for them, 13% would look to an insurance policy and 12% would dip into their savings. Significant gaps Examination of the group which would rely on their employer in the event of absence lasting more than one year revealed some significant "per...