According to a report in industry newspaper Financial Adviser, a market survey by Ample has found that less than 40% of people have income protection despite paying more on holiday homes and travel insurance.
Our view -
Magic Lamps As ever, we raise the question of our Magic Lamp Scenario. If we gave you a Magic Lamp that every time you rubbed it, it paid out £30,000 a year in crisp pounds notes - how much would you insure it for and how much would you pay to insure it?
We suggest you might be prepared to pay quite a lot. That is exactly what the "main breadwinner"