Majority of young couples face income shock

Nearly two in three

Adam Saville
clock • 2 min read

Couples in their 20s have a high risk of missing work for two months or longer, LV=’s Risk Reality Calculator has shown

Figures published in LV='s new Fuel for Life online report for protection advisers have revealed the probability of income shocks for young couples due to serious illness or death. According to its Risk Reality Calculator, couples in their mid-20s have almost two in three chance (63%) of being unable to work for two months or longer before they retire. The combined risk of a 26-year-old couple experiencing any of these events rises to 70%. According to LV=, the coronavirus pandemic has further highlighted the need for households to protection their income from illness and accidents...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

Profile of an IP customer: 2024 market trends

Profile of an IP customer: 2024 market trends

Strength to strength

Vicky Churcher and Warren O’Connell
clock 30 September 2025 • 3 min read
Long-term health conditions impacting ability to work: Aviva

Long-term health conditions impacting ability to work: Aviva

Supporting IPAW

Cameron Roberts
clock 26 September 2025 • 1 min read
IPTF launches ASU Matrix

IPTF launches ASU Matrix

Protecting more underserved clients

Cameron Roberts
clock 26 September 2025 • 1 min read