As households continue to feel the impact of ongoing cost of living pressures and job market uncertainty, new research from Zurich Retail Protection reveals a growing protection gap among solo homeowners.
- Half of solo mortgage holders (49%) do not have income protection
- Nearly one in three (29%) cite cost as the main barrier, while a quarter (25%) believe they are unlikely to need protection. 6% believe it’s a product for ‘older people’
- One in ten admit they would have to rely on financial support from parents if they were unable to cover living costs
- This is despite more than two thirds (68%) being offered protection advice during the mortgage process