Majority of young couples face income shock

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...