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Poll: Brokers, have you seen a drop-off in protection sales since the start of the year?

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  • 23/06/2022
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Poll: Brokers, have you seen a drop-off in protection sales since the start of the year?
As the cost of living continues to rise along with the base rate and inflation, some have expressed fears that consumers may cancel protection cover or opt out of purchasing cover in order to tighten their purse strings.

Brokers have also said that protection policies are now more important than ever, pointing to income protection cover if someone is able to work due to illness or injury. Additionally, recent statistics from the Association of British Insurers has shown that 98 per cent of claims were paid out and 300,000 new claims were paid out across the year.

So, with all that mind, brokers, have you seen a drop-off in protection sales since the start of the year?

Brokers, have you seen a drop-off in protection sales since the start of the year?

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