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Scottish Widows Protection Report 2014

State and Private Welfare

Most of us like to think we can take care of our ourselves and our families. And if something really serious happens, we could possibly turn to family, friends and the safety net of the welfare system.

However, our latest Report highlights a gap of £14,500 between the average UK income and what the state may provide if someone had to live on disability allowance alone.

State and Welfare Infographic

Protection plans can be an ideal way solution to fill this income gap, however our report found:

  • Only 8% of people have critical illness cover
  • 4% of people have income protection
  • 33% said they had life cover in place

Previous Protection Reports

Savings & Investments reports