This year, the NHS has celebrated its 75th anniversary. But amidst the celebrations, a backdrop of record-high waiting lists and continued difficulty in accessing primary care services is leading more consumers to consider private healthcare alternatives.
In times of economic uncertainty, there is arguably no better time to protect ourselves against the unforeseen impact of illness or injury on our ability to earn a living. Yet, whilst overall sales of income protection insurance increased in 20221, they have not reached the same heights as other forms of insurance, especially considering the current increase in demand for health insurance.
In a world where uncertainty is a constant companion, insurance cover offers a reassuring safety net for individuals and families alike, but that’s not all they offer. In our latest Health & Financial Fears research, we surveyed 2,000 UK workers and found that a surprising 40% were unaware of any additional benefits available with their policy.
The Exeter’s 2023 Health & Financial Fears Report shows that UK workers are facing some significant concerns around their income in 2023. How does this match with what The Exeter is seeing in the market?
We surveyed 2,000 working adults in the UK on their health and financial fears over the last 12 months and found the top health concerns stem from news about NHS waiting times for treatment and delays in speaking to a GP.
After finding a lump in her breast, Beth, a project manager and busy mum of two, went to her local GP surgery to get checked over.
For financial services professionals like you and me, we understand the products we work with and know the value they bring to clients. But our research shows that there is still a lack of consumer awareness of the need for and role of protection insurance.
Now in its third year and quickly establishing itself as an event of note in the protection calendar, Income Protection Awareness Week (IPAW) has set a high bar for itself in terms of quality of content and adviser engagement.