'No change' to the business protection gap - L&G

The research, conducted by L&G in conjunction with the Institute of Directors, is similar to a survery L&G conducted in 2009 with the British Chamber of Commerce. The new research, although not directly comparable with the 2009 research, suggests that this gap, at £1.1tn, has not lessened, concerning L&G which said it was "surprising given the economic uncertainty that is still a big concern." Over a third of respondents had not taken out cover to protect themselves or their business in the event of the death or serious illness of a key director or business owner despite recognising t...