Consumers lack understanding of protection products: MetLife

The survey of 2,000 UK adults found that around one in five (19%) of people had never heard of income protection, while a similar percentage (20%) may have heard of the product but did not know what it covered. Levels of critical illness cover comprehension similar, with 16% of respondents having never heard of it and 18% unsure of what it covers. Knowledge of life and health insurance is more widespread according to the survey results, with only 7% and 9% respectively unaware of the products, but understanding of what the policies cover is incomplete, at 12% and 14% for life and heal...