The latest SWISS RE statistics showed in an increase in people taking out protection which is positive to see, but it’s still alarming that only 9% of the UK population have some form of income protection. In this episode Jamie Page, Head of Strategic Partnerships at The Exeter, discusses why he thinks there’s such a gap in the market, potential opportunities for advisers and why he thinks there’s never been a better time to discuss income protection.

Sources:

·        Which.co.uk, Income protection explained, March 2022

·        LMS Remortgage Snapshot, March 2022

·        Yorkshire Building Society, Inflation Nation Report, May 2022

·        ONS, “The rising cost of living and its impact on individuals in Great Britain:” April 2022

·        The Exeter Income Protection claims stats, 2021

·        Halifax First Time Buyer Review, 2021

·        Re, Term & Health Watch 2021

·        www.bighospitality.co.uk

·        www.thisismoney.co.uk

·        The Exeter, Ill Prepared research report, 2020

·        imla, The new “normal” – prospects for 2022 and 2023

·        ONS, UK private rented sector: 2018

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