Just one in five have income protection, research finds

This is despite the fact that as many as 42% reported income loss in their working lives due to serious illness. Only 19% of respondents claim to have a good knowledge of income protection products, suggesting that more needs to be done to raise awareness of the product's benefits - that include access to rehabilitation as well as financial support.  Meanwhile, more than a quarter of respondents said they would be willing to spend 5% of their income on it though such cover can be bought for significantly less. In the absence of cover, just under half of respondents (47%) expect to ...