1 in 5 people rent the property they live in. And for many, this is a long-term option. We understand that a renter’s situations can change suddenly and more regularly.
That’s why we’ve added a rental guaranteed increase option to Income Protection, Family Income Benefit, Life Protection and Life and Critical Illness Cover. It means your client can easily change their cover amount if their rental situation changes.
- 4.5 million households are privately renting.
- Only 7% of renters have some form of personal protection.
- 50% of all children born in 2018 were born into rented accommodation.
- 30% of renters would be more likely to purchase protection if they had professional financial advice.
Source: Hymans Robertson Protection Generation rent 2018.