One in three deem protection products too expensive

The Covid-19 pandemic has increased interest taking out protection products among consumers, according to the 2021 Protection Review report from consultancy Hymans Robertson, but the cost of cover is still the largest obstacle to policy purchases. The report found that 39% of consumers said that they were more likely to buy protection insurance because of their experience during the pandemic, however one in three (31%) said that the cost of protection policies are too expensive to consider taking out. The pandemic has brought health and risk concerns to the fore for many consumers, as...