'Unprepared' nation highlights IP need

The study also found three quarters of consumers would be unable to maintain their current lifestyle for over a year if they could not work. Additionally, less than 10% of the 650 people surveyed would be able to fund their current lifestyle by using their individual income protection (IP) policy. A further 5.6% would turn to a group income protection policy, it found. Yet, almost half of consumers confirmed they would rely on their savings alone. Marion Ware, head of marketing at Canada Life Group Insurance, says: "The fact that nearly one in four consumers think they could survive f...