Nine in ten employees underestimate income protection need - research

Almost 90% of people surveyed by the provider significantly underestimated the number of people forced to take more than four weeks off work per year due to illness or injury. Some 89% of those asked said the number was between 1,000 and 100,000 people. However, the Association of British Insurers puts the figure closer to a million people. Just 10% of those surveyed by Canada Life chose correctly. The survey also found three in five (61%) employees do not have any form of income protection, equivalent to 19.3 million people. The information was based on an online survey of just...