Income protection (IP) sales have continued to slide despite an overall rise in the volume of term assurance products sold, according to Swiss Re.
A fifth of workers are failing to save anything for retirement, a survey of more than 5,000 people suggests.
Lloyds Banking Group is likely to retain insurance subsidiary Scottish Widows following a strategic review of the business.
Brits are twice more likely to insure their pets or mobile phones than their income, according to research.
A third (33%) of UK households could not cope financially if they lost their main income yet only 7% of the population has income protection (IP), according to research.
Scottish Widows will appear in the Supreme Court on 16 May over a tax refund dispute with HMRC.
Is the public really unaware of protection products and their benefits?
More than half of UK adults hold no life insurance despite being highly aware of the importance of having it and other protection products, according to research.
Scottish Widows has paid £1.15bn in life and critical illness (CI) claims since January 2000 equating to over £2m each week.