Under-35s are not hitting the typical life events that would prompt them to take out protection because of the impact of the cost-of-living crisis, according Vitality.
Research by the insurer predicts this will leave more young people unprotected as a result. Vitality asked people under 35 how the cost-of-living crisis was impacting them. Almost a third (30%) said it has already stopped them from getting on the property ladder, while a further 20% said it will stop them buying a property. Buying a property is a usual catalyst for taking out protection, including life insurance, critical illness cover or income protection, to ensure the mortgage will still be paid in the event of death or illness. Fewer people getting a foot on the property ladde...
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