A Legal & General report has identified that a quarter of working people in the UK do not have any savings or a backup plan if they are affected by a long-term illness or incapacity.
Many employees pay for things monthly and if their salary was lost, many may lose their home and entire style of life.
The UK still is suffering from a void in the market for savings and protection.
People without protection:
Protection and why do customers need it?
Income protection and Critical illness cover can be better to take together as Critical illness cover mostly pays out in a large sum but there is no point paying off a mortgage if you cannot afford to continue paying bills and payments. Income protection is designed to usually pay out a monthly replacement income.