Income protection should cover pension contributions, adviser says

The majority of mainstream income protection insurers only cover 50% to 60% of gross annual income, the adviser firm highlighted.  Drewberry warned this amount is often just enough to cover a client's essential monthly outgoings but generally does not leave enough room to cover the pension contributions a client would need to make during incapacity to survive financially during retirement. Drewberry suggests that insurers provide an option to cover a specified pension contribution when setting up new income protection plans, in addition to the usual 50% to 60% for lifestyle protection...