LifeSearch Policy Adviser, Matt Morris, says:
"The research that YouGov compiled for Financial Planning Week showshow important it is to take out financial protection. YouGov found that only 15% of people surveyed would get by without any financial difficulty should their financial circumstances change for the worse due to long term illness or incapacity. Anyone who wants to ensure that they can pay debts and maintain their lifestyle when they are too ill to work really should look into taking out financial protection. Income Protection should be the first port of call for most people, while Unemployment Cover is also available for those who are worried about redundancy. Part of the problem is that most people believe the state will take care of them if they can no longer work, but they tend to drastically overestimate the amount of state support that is available."