People may not realize but being financially protected is important, this way you assets, investments, pensions etc will all be looked after correctly and watched to see if changes need to be made to ensure that at the end of it you are able to take the max benefits of it as possible.

The age group in which the largest proportion of people had protection is 35–44, with those who had mortgages most likely to own financial protection products. Almost 45% of 35–49-year-olds feel life insurance is essential, with almost a quarter (24%) of the same group feeling that protecting their or their partner’s income is essential, compared to 18% of the general population.

Despite this, just under a quarter of those polled didn’t know how long they could pay the mortgage for, or said they would run out of money within five months if they lost significant income.