Recent research highlights a significant gap in financial protection among UK workers. Only around a quarter of working adults currently have an income protection policy in place.
💡 Just 27% of the working population have cover to protect their income if they are unable to work due to illness or injury. Despite this, around half said they would feel more financially secure with suitable income protection in place.
👫 Who faces the greatest financial risk?
Couples may be particularly exposed. Around 45% rely on both partners’ incomes to meet regular monthly outgoings. Among younger couples (18–24), 70% depend on two salaries to cover everyday living costs.
💷 Low savings add to the pressure
On average, working adults have three people who depend on them financially, yet many have little in reserve if their income were to stop. A third have savings under £5,000, almost a quarter under £1,000, and one in ten have no savings at all. Average household debt stood at £20,640 in 2023–24.
🔒 Income protection can provide stability during unexpected periods off work. If you’d like help finding cover that suits your circumstances, we’re here to support you.
On average, working adults have three people who depend on them financially, yet many have little in reserve if their income were to stop.
🚨 Data accurate as of the date of publication
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, mortgage, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
ℹ️ Based on: Quilter Financial Services – Essentially Mortgages Q1 2026
